Section 95 — Income Tax (Earnings and Pensions) Act 2003: Disregard for money, goods or services obtained

Disregard for money, goods or services obtained 95 1 This section applies if the cash equivalent of the benefit of a cash voucher, a non-cash voucher or a credit-token or the relevant amount in respect of a cash voucher, a non-cash voucher or a credit-token —

a is to be treated as earnings from an employee’s employment under this Chapter, ... b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Money, goods or services obtained—

a by the employee or another person in exchange for the cash voucher or non-cash voucher, or b by the employee or a member of the employee’s family by use of the credit-token, are to be disregarded for the purposes of the Income Tax Acts.

3 But the goods or services are not to be disregarded for the purposes of applying sections 362 and 363 (deductions where non-cash voucher or credit-token provided). 3A In the case of a childcare voucher, the reference in subsection (2)(a) to the services obtained in exchange for the voucher is to the provision of care for a child obtained by using it.

4 In the case of a transport voucher, the reference in subsection (2)(a) to the services obtained in exchange for the voucher is to the passenger transport services obtained by using it.