If an employee receives money, goods or services by reason of
the employment through the use of a voucher or credit token, see
EIM16010 onwards.
The case of Laidler v Perry (42TC351) was decided before the
enactment of the special rules dealt with at EIM16010 onwards. The
employer gave employees gift vouchers at Christmas with a face
value of £10. They could be exchanged for goods at shops of
their choice. The vouchers were held to be within what is now
Section 62 ITEPA 2003, the amount of earnings being the face value
of the vouchers. This valuation of the chargeable earnings was a
matter of fact determined by the First-tier Tribunal, not a
principle considered by the Courts. The special rules dealt with at
EIM16010 onwards have supplanted the decision in Laidler v Perry,
but the case is still an important authority for deciding what is
earnings
from the employment (see
EIM00600).
