Section 681 — Income Tax (Earnings and Pensions) Act 2003: Taxable and other foreign benefits: exemptions

Taxable and other foreign benefits: exemptions 681 1 No liability to income tax arises on a taxable foreign benefit if, or to the extent that, the corresponding UK benefit is exempt income.

2 No liability to income tax arises on a benefit which is payable under the law of a country or territory outside the United Kingdom if it is substantially similar in character to a United Kingdom social security benefit listed in Table B.

3 In this section— “ taxable foreign benefit ” means a benefit to which section 678 applies; “ corresponding UK benefit ”, in relation to a taxable foreign benefit, means the taxable benefit listed in Table A to which the foreign benefit is substantially similar in character (see section 678).