Section 214 Scholarships: cost of the benefit
If an employment-related benefit consists in the provision of a scholarship from a trust fund—
(a)
section 204 does not apply, and
(b)
the cost of the benefit is the total of the payments made from the fund to the person holding the scholarship.
Notes on Chapter 10
Modifications
- C1
Pt. 3 Ch. 10 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by The Income Tax (Exemption of Minor Benefits) (Coronavirus) Regulations 2020 (S.I. 2020/1293), regs. 1(2), 2 (with reg. 1(2))