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, or
- benefits obtained by discharge of an
employee’s debt (the “pecuniary liability”
principle) under Section 62, see
EIM00580.
