# Income Tax (Earnings and Pensions) Act 2003, 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.

---
Source: https://www.legislation.gov.uk/ukpga/2003/1/section/214 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-214
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.