[323B Section 323A: calculation of available exempt amount]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[323B  Section 323A: calculation of available exempt amount]

[(1)     The “available exempt amount”, in relation to an employee of an employer, is the amount found by deducting from the annual exempt amount the aggregate of—

(a)     the benefit cost of eligible benefits provided earlier in the tax year by, or on behalf of, the employer to the employee, and

(b)     any amounts allocated to the employee in accordance with subsection (4) in

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