Income Tax (Earnings and Pensions) Act 2003 Explanatory Notes

Section 92: Meaning of “credit-token”

343.This section defines “credit-token” for the purposes of this Chapter.

344.Subsection (1) provides the definition. It derives from section 142(4) of ICTA.

345.Subsections (2) and (3) amplify the definition for particular circumstances.

346.Subsection (4) excludes cash and non-cash vouchers from the definition.

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