Section 86 — Income Tax (Earnings and Pensions) Act 2003: Transport vouchers under pre-26th March 1982 arrangements

Transport vouchers under pre-26th March 1982 arrangements 86 1 This Chapter does not apply to a transport voucher provided for an employee of a passenger transport undertaking under arrangements in operation on 25th March 1982 which meet the condition in subsection (2).

2 The condition is that the arrangements are intended to enable the employee or a member of the employee’s family to obtain passenger transport services provided by—

a the employer, b a subsidiary of the employer, c a body corporate of which the employer is a subsidiary, or d another passenger transport undertaking.

3 In this section— “ passenger transport undertaking ” means an undertaking whose business consists wholly or mainly in the carriage of passengers or a subsidiary of such an undertaking, and “ subsidiary ” means a wholly-owned subsidiary within the meaning of section 1159 of and Schedule 6 to the Companies Act 2006 .