180 Threshold for benefit of loan to be treated as earnings
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

180  Threshold for benefit of loan to be treated as earnings

(1)     [Section 175 does not have effect in relation to an employee and a tax year—]

(a)     if the normal [£10,000] threshold is not exceeded, or

(b)     where the loan is a non-qualifying loan and that threshold is exceeded, if the [£10,000] threshold for non-qualifying loans is not exceeded.

(2)     The normal [£10,000] threshold is not exceeded if at all times in the year the amount outstanding on the loan (or, if two or more employment-related loans

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