The Employer-Financed Retirement Benefits (Excluded Benefits for Tax Purposes) (Amendment) Regulations 2016 No. 1036

Amendment of the Employer-Financed Retirement Benefits (Excluded Benefits for Tax Purposes) Regulations 2007

3.  After regulation 3(2)(cd)(1) insert—

“(ce) in the case of the benefits described in paragraph 22 (trivial benefits) of the Schedule—

(i) the employee(2), and

(ii) a member of the employee’s family or household(3).”.

(1)

Regulations 3(2)(ca) to (cd) were inserted by S.I. 2011/2281.

(2)

Regulation 2 of S.I. 2007/3537 provides that a reference to an employee includes a former employee.

(3)

Family or household is defined in section 721(5) of the Income Tax (Earnings and Pensions) Act 2003.