Income Tax (Earnings and Pensions) Act 2003
Sections and provisions with full text and the judgments that cite each one.
Section 195 — Discharge of notional loan: amount treated as earnings
Discharge of notional loan: amount treated as earnings 195 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 196 — Effects on other income tax charges
Effects on other income tax charges 196 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 197 — Minor definitions
Minor definitions 197 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 198 — Shares to which this Chapter applies
Shares to which this Chapter applies 198 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 199 — Disposal for more than market value: amount treated as earnings
Disposal for more than market value: amount treated as earnings 199 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 200 — Minor definitions
Minor definitions 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 201 — Employment-related benefits
Employment-related benefits 201 1 This Chapter applies to employment-related benefits. 2 In this Chapter— “ benefit ” means a benefit or facility of any kind; “ employment-related benefit ” means a…
Section 202 — Excluded benefits
Excluded benefits 202 1 A benefit is an “ excluded benefit ” for the purposes of this Chapter if— a any of Chapters 3 to 9 of the benefits code applies to the benefit, b any of those Chapters would…
Section 203 — Cash equivalent of benefit treated as earnings
Cash equivalent of benefit treated as earnings 203 1 The cash equivalent of an employment-related benefit is to be treated as earnings from the employment for the tax year in which it is provided. 2…
Section 203A — Employment-related benefit provided under optional remuneration arrangements
Employment-related benefit provided under optional remuneration arrangements 203A 1 Where an employment-related benefit is provided pursuant to optional remuneration arrangements— a the relevant…
Section 204 — Cost of the benefit: basic rule
Cost of the benefit: basic rule 204 The cost of an employment-related benefit is the expense incurred in or in connection with provision of the benefit (including a proper proportion of any expense…
Section 205 — Cost of the benefit: asset made available without transfer
Cost of the benefit: asset made available without transfer 205 1 The cost of an employment-related benefit (“the taxable benefit”) is determined in accordance with this section if— a the benefit…
Section 205A — Deduction for periods when asset unavailable for private use
Deduction for periods when asset unavailable for private use 205A 1 A deduction is to be made under section 205(1C)(b) if the asset mentioned in section 205(1) has been unavailable for private use on…
Section 205B — Reduction of cost of taxable benefit where asset is shared
Reduction of cost of taxable benefit where asset is shared 205B 1 This section applies where the cost of an employment-related benefit (“the taxable benefit”) is to be determined under section 205. 2…
Section 206 — Cost of the benefit: transfer of used or depreciated asset
Cost of the benefit: transfer of used or depreciated asset 206 1 The cost of an employment-related benefit is determined in accordance with this section if— a the benefit consists in the transfer of…
Section 207 — Meaning of “annual rental value”
Meaning of “annual rental value” 207 1 For the purposes of this Chapter the “annual rental value” of land is the rent which might reasonably be expected to be obtained on a letting from year to year…
Section 208 — Meaning of “ market value ”
Meaning of “ market value ” 208 For the purposes of this Chapter the market value of an asset at any time is the price which the asset might reasonably be expected to fetch on a sale in the open…
Section 209 — Meaning of “ persons providing benefit ”
Meaning of “ persons providing benefit ” 209 For the purposes of this Chapter the persons providing a benefit are the person or persons at whose cost the benefit is provided.
Section 210 — Power to exempt minor benefits
Power to exempt minor benefits 210 1 The Treasury may make provision by regulations for exempting from the application of this Chapter such minor benefits as may be specified in the regulations. 2 An…
Section 211 — Special rules for scholarships: introduction
Special rules for scholarships: introduction 211 1 Sections 212 to 214 supplement the preceding provisions of this Chapter in the following ways— section 212 provides for certain scholarships…
Section 212 — Scholarships provided under arrangements entered into by employer or connected person
Scholarships provided under arrangements entered into by employer or connected person 212 1 A scholarship which is provided for a member of an employee’s family or household is to be regarded for the…
Section 213 — Exception for certain scholarships under trusts or schemes
Exception for certain scholarships under trusts or schemes 213 1 This Chapter does not apply to an employment-related benefit consisting in the provision of a scholarship if conditions A, B, C and D…
Section 214 — Scholarships: cost of the benefit
Scholarships: cost of the benefit 214 If an employment-related benefit consists in the provision of a scholarship from a trust fund— a section 204 does not apply, and b the cost of the benefit is the…
Section 215 — Limitation of exemption for scholarship income in section 776(1) of ITTOIA 2005
Limitation of exemption for scholarship income in section 776(1) of ITTOIA 2005 215 If an employment-related benefit consists in the provision of a scholarship, section 776(1) of ITTOIA 2005…
Section 216 — Provisions not applicable to lower-paid employments
Provisions not applicable to lower-paid employments 216 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 217 — Meaning of “ lower-paid employment ”
Meaning of “ lower-paid employment ” 217 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 218 — Calculation of earnings rate for a tax year
Calculation of earnings rate for a tax year 218 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 219 — Extra amounts to be added in connection with a car
Extra amounts to be added in connection with a car 219 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 220 — Related employments
Related employments 220 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 221 — Payments where employee absent because of sickness or disability
Payments where employee absent because of sickness or disability 221 1 This section applies if— a an employee is absent from work because of sickness or disability, and b a qualifying sickness…
Section 222 — Payments by employer on account of tax where deduction not possible
Payments by employer on account of tax where deduction not possible 222 1 This section applies if— a an employer is treated by virtue of sections 687, 687A, 689 , 689A and 693 to 700 as having made a…
Section 223 — Payments on account of director’s tax other than by the director
Payments on account of director’s tax other than by the director 223 1 This section applies if in a tax year— a a person (“P”) makes a payment to another person who is employed as the director of a…
Section 224 — Payments to non-approved personal pension arrangements
Payments to non-approved personal pension arrangements 224 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 225 — Payments for restrictive undertakings
Payments for restrictive undertakings 225 1 This section applies where— a an individual gives a restrictive undertaking in connection with the individual’s current, future or past employment, and b a…
Section 226 — Valuable consideration given for restrictive undertakings
Valuable consideration given for restrictive undertakings 226 1 In a case where— a an individual gives a restrictive undertaking in connection with the individual’s current, future or past…
Section 226A — Amount treated as earnings
Amount treated as earnings 226A 1 This section applies if shares having a market value of no less than £2000 are acquired by an employee in consideration of an employee shareholder agreement. 2 An…
Section 226B — Deemed payment for employee shareholder shares
Deemed payment for employee shareholder shares 226B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 226C — Only one payment deemed to be made under associated agreements
Only one payment deemed to be made under associated agreements 226C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 226D — Shareholder or connected person having material interest in company
Shareholder or connected person having material interest in company 226D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 226E — Sporting testimonial payments
Sporting testimonial payments 226E 1 This section applies in relation to an individual who is or has been employed as a professional sportsperson (“S”). 2 In this section “ sporting testimonial ”…
Section 227 — Scope of Part 4
Scope of Part 4 227 1 This Part contains— a earnings-only exemptions, and b employment income exemptions. 2 In this Act “ earnings-only exemption ” means an exemption from income tax which— a…
Section 228 — Effect of exemptions on liability under provisions outside Part 2
Effect of exemptions on liability under provisions outside Part 2 228 1 The exemptions conferred by the provisions specified in subsection (2) prevent liability to income tax arising under any…
Section 228A — General exclusion from exemptions: optional remuneration arrangements
General exclusion from exemptions: optional remuneration arrangements 228A 1 A relevant exemption does not apply (whether to prevent liability to income tax from arising or to reduce liability to…
Section 229 — Mileage allowance payments
Mileage allowance payments 229 1 No liability to income tax arises in respect of approved mileage allowance payments for a vehicle to which this Chapter applies (see section 235). 2 Mileage allowance…
Section 230 — The approved amount for mileage allowance payments
The approved amount for mileage allowance payments 230 1 The approved amount for mileage allowance payments that is applicable to a kind of vehicle is— M × R where— M is the number of miles of…
Section 231 — Mileage allowance relief
Mileage allowance relief 231 1 An employee is entitled to mileage allowance relief for a tax year— a if the employee uses a vehicle to which this Chapter applies for business travel, and b the total…
Section 232 — Giving effect to mileage allowance relief
Giving effect to mileage allowance relief 232 1 A deduction is allowed for mileage allowance relief to which an employee is entitled for a tax year. 2 If any of the employee’s earnings— a are taxable…
Section 233 — Passenger payments
Passenger payments 233 1 No liability to income tax arises in respect of approved passenger payments made to an employee for the use of a car or van (whether or not it is a company vehicle) if— a the…
Section 234 — The approved amount for passenger payments
The approved amount for passenger payments 234 1 The approved amount for passenger payments is— M × R where— M is the number of miles of business travel by the employee by car or van— (a) for which…
Section 235 — Vehicles to which this Chapter applies
Vehicles to which this Chapter applies 235 1 This Chapter applies to cars, vans, motor cycles and cycles. 2 “ Car ” means a mechanically propelled road vehicle which is not— a a goods vehicle, b a…