Related Commentary  Related HMRC Manuals

323(1)  No liability to income tax arises in respect of a long service award which meets the condition in subsection (3) if or to the extent that the chargeable amount does not exceed the permitted maximum.

323(2)  In subsection (1)–

chargeable amount”  means the amount of employment income which would be charged to tax in respect of the award apart from subsection (1),

long service award”  means an award made to an employee to mark not less than 20 years' service with the same employer, and

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