Part 4Employment income: exemptions
Chapter 6Exemptions: non-cash vouchers and credit-tokens
Exemptions for particular non-cash vouchers and credit-tokens
270Exemption for small gifts of vouchers and tokens from third parties
(1)
No liability to income tax arises by virtue of Chapter 4 of Part 3 (taxable benefits: vouchers and credit-tokens) in respect of a non-cash voucher or a credit-token if conditions A to C are met.
(2)
Condition A is that the voucher or token is provided as a gift.
(3)
Condition B is that it is only capable of being used to obtain goods.
(4)
Condition C is that it meets conditions A to C and E in section 324 (general exemption of small gifts from third parties).