Amendment of the principal Regulations
2. At the end of the principal Regulations add—
“Exemption in respect of the provision of pensions advice
5.—(1) There is no charge to tax under Chapter 10 of Part 3 of ITEPA in respect of the provision to an employee, on behalf of an employer, of pension information and advice.
(2) The exemption conferred by paragraph (1) applies only if the cash equivalent of the benefit of provision of pension information and advice to an employee does not exceed £150 in total in a year of assessment.
Exemption in respect of the provision of recreational facilities and subsidised meals to third parties
6.—(1) Where there is no charge to tax under—
(a)section 261 of ITEPA (exemption of recreational benefits), or
(b)section 317 of ITEPA (subsidised meals)
in respect of the provision of recreational facilities or subsidised meals to employees, paragraph (2) applies.
(2) If this paragraph applies, the provision of the facilities or meals referred to in paragraph (1) to other persons who work on the premises of the employer in question shall be exempt notwithstanding that the conditions set out in section 261 or section 317 respectively of ITEPA may not be satisfied in respect of those persons.”.