Where an employer provides a scholarship the amount of the
chargeable benefit is the "expense incurred" in providing it less
any amount made good by the director or employee (see
EIM21120).
Where an award is made from an educational trust treat the
expense incurred in providing the award as the payments actually
made by the trustees (Section 214 ITEPA 2003). The figures should
be available from the returns made by the trustees, see TM1000. For
this purpose do not take into account any tax suffered by the trust
on its income.
