Modifications etc. (not altering text)
C1Pt. 3 Ch. 10 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by The Income Tax (Exemption of Minor Benefits) (Coronavirus) Regulations 2020 (S.I. 2020/1293), regs. 1(2), 2 (with reg. 1(2))
(1)This Chapter does not apply to an employment-related benefit consisting in the provision of a scholarship if conditions A, B, C and D are met.
(2)Condition A is that the scholarship would not be regarded as provided by reason of the employment if section 201(3) and section 212 were disregarded.
(3)Condition B is that the holder of the scholarship is a full-time student.
(4)Condition C is that the scholarship is provided from a trust fund or under a scheme.
(5)Condition D is that, in the tax year in which the scholarship is provided, not more than 25% of the total amount of relevant payments is attributable to scholarships provided by reason of a person’s employment.
(6)For the purposes of conditions B and D “full-time student” means a person who is in full-time education at a university, college, school or other educational establishment.
(7)For the purposes of condition D—
“employment” includes any employment within the meaning of the employment income Parts (see section 4), whether or not it is a taxable employment under Part 2;
“relevant payments” means the payments made from the fund or scheme mentioned in condition C in respect of scholarships held by full-time students.