403 Charge on payment or other benefit [where threshold applies]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

403  Charge on payment or other benefit [where threshold applies]

(1)     The amount of a payment or benefit to which this [section] applies counts as employment income of the employee or former employee for the relevant tax year if and to the extent that it exceeds the £30,000 threshold.

(2)     In this section “the relevant tax year” means the tax year in which the payment or other benefit is received.

(3)     For the purposes of this Chapter [(but see section 402B(3))]—

(a)     a cash benefit is treated as received—

(i)     when

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