Section 263 — Income Tax (Earnings and Pensions) Act 2003: Power to alter benefits to which section 261 applies

Power to alter benefits to which section 261 applies 263 The Treasury may by regulations provide that section 261—

a does not apply to a benefit specified in the regulations, b applies to a benefit so specified only where such conditions as the regulations specify are met in relation to the terms on which, and the persons to whom, it is provided, or c applies in such cases as are so specified to—

i facilities that do not meet the conditions in section 261(3) to (5), or ii a benefit within section 262.