# Income Tax (Earnings and Pensions) Act 2003, Section 204: Cost of the benefit: basic rule


The cost of an employment-related benefit is the expense incurred in or in connection with provision of the benefit (including a proper proportion of any expense relating partly to provision of the benefit and partly to other matters).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/204 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-204
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.