Section 7

OPTIONAL REMUNERATION ARRANGEMENTS

1  In Part 3 of ITEPA 2003 (employment income: earnings and benefits etc treated as earnings), in Chapter 2 (taxable benefits: the benefits code), after section 69 insert–

69A  

“Optional remuneration arrangements

69A(1)  Subsections (2) to (7) have effect for the purposes of the benefits code.

69A(2)  A benefit provided for an employee is provided under “optional remuneration arrangements” so far as it is provided under arrangements of type A or B (regardless of whether those arrangements are made before or after the beginning of the person’s employment).

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