Section 270 Exemption for small gifts of vouchers and tokens from third parties

No liability to income tax arises by virtue of Chapter 4 of Part 3 (taxable benefits: vouchers and credit-tokens) in respect of a non-cash voucher or a credit-token if conditions A to C are met.

Condition A is that the voucher or token is provided as a gift.

Condition B is that it is only capable of being used to obtain goods.

Condition C is that it meets conditions A to C and E in section 324 (general exemption of small gifts from third parties).