Section 267 Exemption of credit-tokens used for exempt benefits
United Kingdom
No liability to income tax arises by virtue of Chapter 4 of Part 3 (taxable benefits: vouchers and credit-tokens) in respect of a credit-token if or to the extent that the token is used to obtain anything the direct provision of which—
would fall within one of the provisions specified in subsection (2), or
would do so if the employee were not in F1lower-paid employment as a minister of religion.
Those provisions are—
section 237(1) (parking provision),
section 245 (travelling and subsistence during public transport strikes),
section 246 (transport between home and work for disabled employees: general),
section 247 (provision of cars for disabled employees),
section 248 (transport home: late night working and failure of car-sharing arrangements), ...
section 265 (third party entertainment).
section 319 (mobile telephones). , ...
section 320B (health screening and medical check-ups) F5, and
section 320D (flu vaccinations).
Annotations
Textual amendments
- F1
Words in s. 267(1)(b) substituted (with effect in accordance with s. 13(4) of the amending Act) by Finance Act 2015 (c. 11), Sch. 1 para. 16
- F2
S. 267(2)(g) inserted (with effect for the year 2006-07 and subsequent years of assessment in accordance with s. 60(4) of the amending Act) by Finance Act 2006 (c. 25), s. 60(2)
- F3
S. 267(2)(h) and word inserted (with effect for the year 2006-07 and subsequent years of assessment in accordance with s. 62(5) of the amending Act) by Finance Act 2006 (c. 25), s. 62(4)
- F4
S. 267(2)(i) and word inserted (with effect in accordance with s. 55(5) of the amending Act) by Finance Act 2009 (c. 10), s. 55(3)
- F5
S. 267(2)(j) and word inserted (for the tax year 2026-27 and subsequent tax years) by Finance Act 2026 (c. 11), s. 20(6)(b)(7)
Notes on Part 4
Modifications
- C1
Pt. 4 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 26(3)