Cash vouchers: exceptionsU.K.
78Voucher made available to public generallyU.K.
This Chapter does not apply to a cash voucher if—
(a)it is of a kind made available to the public generally, and
(b)it is provided to the employee or a member of the employee’s family on no more favourable terms than to the public generally.
79Voucher issued under approved schemeU.K.
(1)This Chapter does not apply to a cash voucher received by an employee if—
(a)it is issued under a scheme, and
(b)at the time when it is received the scheme is a scheme approved by [F1an officer of Revenue and Customs] for the purposes of this section.
(2)[F1An officer of Revenue and Customs] must not approve a scheme for the purposes of this section unless [F2the officer] [F3is] satisfied that it is practicable for income tax in respect of all payments made in exchange for vouchers issued under the scheme to be deducted in accordance with PAYE regulations.
Textual Amendments
F1Words in Act substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(1); S.I. 2005/1126, art. 2(2)(h)
F2Words in s. 79(2) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 103(1)(c); S.I. 2005/1126, art. 2(2)(h)
F3Word in s. 79(2) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 107; S.I. 2005/1126, art. 2(2)(h)
80Vouchers where payment of sums exempt from taxU.K.
This Chapter does not apply to a cash voucher if it is—
(a)a document intended to enable a person to obtain payment of a sum which would not have constituted employment income if paid to the person directly, or
(b)a savings certificate where the accumulated interest payable in respect of it is exempt from tax (or would be so exempt if certain conditions were met).