Part 3

Employment income: earnings and benefits etc. treated as earnings
Chapter 10

Taxable benefits: residual liability to charge

Special rules for scholarships

Scholarships: cost of the benefit
214
If an employment-related benefit consists in the provision of a scholarship from a trust fund—
a
section 204 does not apply, and
b
the cost of the benefit is the total of the payments made from the fund to the person holding the scholarship.
Pt. 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))