EIM21005 - The benefits code: benefits chargeable under legislation other than the benefits code

Section 63(1) ITEPA 2003

A benefit is not chargeable under the benefits code (EIM20006) if it is already fully chargeable to Income Tax under some other provision. For example:

• benefits capable of being turned into money charged (the “money’s worth” principle) under section 62 ITEPA 2003, see EIM00540
• benefits obtained by discharge of an employee’s debt (the “pecuniary liability” principle) under section 62, see EIM00580.