17A


Benefits Code II: Not Low Paid Employees ITEPA Part 3 Chapters 3 and 6–11

Table of Contents

17A.1  Introduction and Definitions
 

        

17A.1.1 Introduction
 

 

17A.1.2 To Whom does the Legislation Apply?
 

 

 

 17A.1.2.1 Director
 

 

 17A.1.3 Calculating the £8,500 Threshold
 

 

   17A.1.3.1 Deductions
 

 

   17A.1.3.2 Associated Employments

17A.2  Chapter 3: Payments for Expenses and Expense Allowances

17A.3  Chapters 10 and 11: Benefits in Kind
 

 

 17A.3.1 Outline
      17A.3.1.1 Extent of Charge
      17A.3.1.2 Making Good
      17A.3.1.3 Not Otherwise Chargeable or Exempt
      17A.3.1.4 Provided by Reason of Employment
    17A.3.2 Case-Law Limits on Chapter 10
    17A.3.3 Statutory and Concessionary Exceptions
      17A.3.3.1 Child Care
      17A.3.3.2 Computer Equipment
    17A.3.4 Extent of Charge: Cash Equivalent
      17A.3.4.1 Cost—The Basic Rule
      17A.3.4.2 Cost—Marginal or Average
      17A.3.4.3 Incidental Expenses Sale of an Asset by Employee to Employer
      17A.3.4.4 Asset Used before Transfer to Employee
    17A.3.5 Asset Provided by Employer
    17A.3.6 Transfer of an Asset after Use by Employee
      17A.3.6.1 Example
    17A.3.7 Apportionment of Expenditure
      17A3.7.1 Distinctions
      17A.3.7.2 Set-Off
17A.4  Particular Rules for Particular Benefits
    17A.4.1 Part 3 Chapter 6: Cars, Classic Cars, Pooled Cars and Vans
      17A.4.1.1 Car Available for Private Use: Basic Cash Equivalent
      17A.4.1.2 Salary Sacrifice
      17A.4.1.3 The Appropriate Percentage
      17A.4.1.4 Off-Setting Payments
      17A.4.1.5 Scope
      17A.4.1.6 Price
        17A.4.1.6.1 Initial Accessories
        17A.4.1.6.2 Later Accessories
        17A.4.1.6.3 Capital Contribution by E
        17A.4.1.6.4 Classic Cars
      17A.4.1.7 Exception—Pooled Cars
      17A.4.1.8 Vans Available for Private Use
      17A.4.1.9 Sharing Vans
    17A.4.2 Car Fuel for Company Cars
      17A.4.2.1 £8,500 Threshold
    17A.4.3 Part 3 Chapter 7 Low Interest Loans
      17A.4.3.1 Exclusions
      17A.4.3.2 Relation to Other Tax Rules
      17A.4.3.3 Pre-Employment Loans
      17A.4.3.4 Calculating the Cash Equivalent: The Official Rate
      17A.4.3.5 Replacement Loans
      17A.4.3.6 Example
      17A.4.3.7 Foreign Currencies
    17A.4.4 Loans Written Off
      17A.4.4.1 Exceptions
      17A.4.4.2 Non-Exceptions
    17A.4.5 Chapters 8 and 9: Share Purchase Schemes: Deemed Loans—Repealed
    17A.4.6 Living Accommodation: 10% Cap for Certain Ancillary Services in Certain Circumstances
      17A.4.6.1 Subsidiary Rules
    17A.4.7 Tax Paid by Employer
    17A.4.8 Scholarships
      17A.4.8.1 Exception
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