Section 69B — Income Tax (Earnings and Pensions) Act 2003: Optional remuneration arrangements: supplementary

Optional remuneration arrangements: supplementary 69B 1 For the purposes of the benefits code “the amount foregone”—

a in relation to a benefit provided for an employee under type A arrangements means the amount of earnings mentioned in section 69A(3);

b in relation to a benefit provided for an employee under type B arrangements means the amount of earnings mentioned in section 69A(4);

c in relation to a benefit provided for an employee partly under type A arrangements and partly under type B arrangements, means the sum of the amounts foregone under the arrangements of each type.

2 Subsection (3) applies where, in order to determine the amount foregone with respect to a particular benefit mentioned in section 69A(3) or (4), it is necessary to apportion an amount of earnings to the benefit.

3 The apportionment is to be made on a just and reasonable basis.

4 In this section and section 69A references to a benefit provided for an employee include a benefit provided for a member of an employee's family or household.

5 In this section and section 69A— “ benefit ” includes any benefit or facility, regardless of its form and the manner of providing it; “ earnings ” means earnings within Chapter 1 of Part 3 (and includes a reference to amounts which would have been such earnings if the employee had received them).