EIM21101 – The benefits code: cash equivalent of benefits

Section 203(1) ITEPA 2003

The value of a benefit to be charged to tax is called its "cash equivalent" (Section 203(1) ITEPA 2003).

The general rule for determining the amount of a cash equivalent is described at EIM21102. There are special rules in the case of certain benefits. They are listed at EIM21230.