PAYE54250 - Employer returns: regulation 80 determinations: benefit arising under S223 ITEPA 2003

Benefits under Section 223 cannot be charged on

• employees other than directors
• full time working directors of a company in which they have less than a 5 per cent interest
• any directors of a company who have less than a 5 per cent interest in it, provided the company is established for charitable purposes

or

• neither carries on a trade nor is wholly or mainly investment or property owning.