EIM21005 - The benefits code: benefits chargeable under legislation other than the benefits code

Section 63(1) ITEPA 2003

A benefit is not chargeable under the benefits code (EIM20006) if it is already fully chargeable to Income Tax under some other provision. For example:

  • benefits capable of being turned into money charged (the 鈥渕oney鈥檚 worth鈥� principle) under section 62 ITEPA 2003, see EIM00540
  • benefits obtained by discharge of an employee鈥檚 debt (the 鈥減ecuniary liability鈥� principle) under section 62, see EIM00580.