Chapter 4 of Part 3 ITEPA 2003

From 6 April 2017, the Income Tax and NICs advantages where benefits are provided through arrangements under which the employee gives up the right to an amount of earnings in return for a benefit are largely withdrawn. Guidance on optional remuneration arrangements from 6 April 2017 starts at EIM44000.

Transitional provisions apply for a limited period. For further details see EIM44030.

Certain benefits in kind are excluded from the changes. For further details see EIM44130.

Cash vouchers

Where an optional remuneration arrangement is used to provide cash vouchers to an employee, the relevant amount to treat as earnings from the employment is the greater of:

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