Section 96A — Income Tax (Earnings and Pensions) Act 2003: Power to exempt use of non-cash vouchers or credit-tokens to obtain exempt benefits

Power to exempt use of non-cash vouchers or credit-tokens to obtain exempt benefits 96A 1 The Treasury may by regulations provide for exemption from any liability that would otherwise arise by virtue of this Chapter in respect of—

a non-cash vouchers which are or can be used to obtain specified exempt benefits, or which evidence an employee's entitlement to specified exempt benefits;

b credit-tokens which are used to obtain specified exempt benefits.

2 In this section— “ exempt benefit ” means a benefit the direct provision of which is exempted from liability to income tax by a provision of Part 4 (employment income: exemptions), and “ specified ” means specified in the regulations.

3 Regulations under this section may operate by amending section 266 (exemption of non-cash vouchers for exempt benefits) or section 267 (exemption of credit-tokens used for exempt benefits).