Section 79 Voucher issued under approved scheme

United Kingdom

(1)

This Chapter does not apply to a cash voucher received by an employee if—

(a)

it is issued under a scheme, and

(b)

at the time when it is received the scheme is a scheme approved by F1an officer of Revenue and Customs for the purposes of this section.

(2)

An officer of Revenue and Customs must not approve a scheme for the purposes of this section unless F2the officer F3is satisfied that it is practicable for income tax in respect of all payments made in exchange for vouchers issued under the scheme to be deducted in accordance with PAYE regulations.

Annotations

Textual amendments

F1: Words in Act substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(1); S.I. 2005/1126, art. 2(2)(h)
F2: Words in s. 79(2) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 103(1)(c); S.I. 2005/1126, art. 2(2)(h)
F3: Word in s. 79(2) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 107; S.I. 2005/1126, art. 2(2)(h)