Related Commentary  

363(1)  A deduction from earnings is allowed if–

(a)the earnings include an amount treated as earnings under section 94(1) or 94A(1) (amount in respect of benefit of credit-token treated as earnings), and

(b)had the employee incurred and paid the cost of the goods or services obtained by using the token, the whole or part of the amount paid would have been deductible from the earnings under Chapter 2 or 5 of this Part.

363(2)  The deduction is equal to the lesser of–

(a)the amount treated as earnings, and

(b)the amount that would have been so deductible.


Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.