SE10450 - Emoluments of employees and office holders: vouchers

Section 19(1)1 ICTA 1988

If an employee receives money, goods or services by reason of the employment through the use of a voucher or credit token, see SE16010 onwards.

The case of Laidler v Perry (42TC351) was decided before the enactment of the special rules dealt with at SE16010 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 taxable at their face value under what is now Section 19(1)1 ICTA 1988. This valuation of the chargeable emolument was a matter of fact determined by the Commissioners, not a principle considered by the Courts. The special rules dealt with at SE16010 onwards have supplanted the decision in Laidler v Perry, but the case is still an important authority for deciding what is an emolument from the employment (see SE00600).