323 Long service awards
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

323  Long service awards

(1)     No liability to income tax arises in respect of a long service award which meets the condition in subsection (3) if or to the extent that the chargeable amount does not exceed the permitted maximum.

(2)     In subsection (1)—

“chargeable amount” means the amount of employment income which would be charged to tax in respect of the award apart from subsection (1),

“long service

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