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(This note is not part of the Regulations)
These Regulations amend the Income Tax (Exemption of Minor Benefits) Regulations 2002 (S.I. 2002/205: “the principal Regulations”).
Regulation 1 provides for the citation, commencement, interpretation and effect of these Regulations.
Regulation 2 adds to the principal Regulations new regulations 5 and 6.
The new regulation 5 provides an exemption from the charge to tax under Chapter 10 of Part 3 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1: “ITEPA”) in respect of the provision to an employee by a person on behalf of an employer of information or advice which the employer may provide. The exemption applies only to extent that the cost of providing the information or advice does not exceed £150 in total in respect of any employee in any year of assessment.
The new regulation 6 provides that, where there is no charge to tax under sections 261 (recreational benefits) and 317 (subsidised meals) of ITEPA in respect of the provision of those benefits to employees, there is no charge to tax in respect of their provision to persons other than employees who work on the employer’s premises, notwithstanding that the conditions set out in those sections may not be satisfied in respect of them.
These Regulations do not impose new costs on business.
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