87 Benefit of non-cash voucher treated as earnings
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Benefit of non-cash voucher treated as earnings

87  Benefit of non-cash voucher treated as earnings

(1)     The cash equivalent of the benefit of a non-cash voucher to which this Chapter applies is to be treated as earnings from the employment for the tax year in which the voucher is received by the employee.

(2)     The cash equivalent is the difference between—

(a)     the cost of provision, and

(b)     any part of that cost made good by the employee[, to the person incurring

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