[29 July 1985]

1. Incentive scheme awards are often provided by way of vouchers. Section 87 Income Tax (Earnings and Pensions) ACT 2003 (ITEPA) [formerly 141, ICTA 1988], treats as earnings a benefit an employee can obtain with a voucher provided for him by reason of his employment. The measure of the earnings is the “expense incurred by the person providing the voucher in or in connection with the provision of the voucher and the money, goods or services for which it is capable of being exchanged” S 87 ITEPA [formerly Section 141(1), ICTA 1988].

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.