Section 75 — Income Tax (Earnings and Pensions) Act 2003: Meaning of “cash voucher”

Meaning of “cash voucher” 75 1 In this Chapter “ cash voucher ” means a voucher, stamp or similar document capable of being exchanged for a sum of money which is—

a greater than, b equal to, or c not substantially less than, the expense incurred by the person at whose cost the voucher, stamp or similar document is provided.

2 For the purposes of subsection (1) it does not matter whether the document—

a is also capable of being exchanged for goods or services;

b is capable of being exchanged singly or together with other vouchers, stamps, or documents;

c is capable of being exchanged immediately or only after a time.

3 Subsection (1) is subject to section 76 (sickness benefits-related voucher).