Regulation 2 Interpretation

In these Regulations, unless the context otherwise requires—

• “assessable” has the meaning given by section 203L(2) of the Taxes Act;

• “the Board” means the Commissioners of Inland Revenue;

• “cash voucher” means a cash voucher to which section 143(1) of the Taxes Act^f1applies;

• “chargeable expense” has the same meaning as in section 141(1) of the Taxes Act^f2;

• “cheque voucher” has the meaning given by section 141(7) of the Taxes Act;

• “credit-token” has the same meaning as in section 142 of the Taxes Act^f3;

• “employee” and “employer” have the meanings given by section 203L(1) of the Taxes Act;

• “income tax period” has the meaning given by regulation 2(1) of the principal Regulations;

• “non-cash voucher” means a non-cash voucher to which section 141(1) of the Taxes Act applies;

• “notional payment” has the meaning given by subsection (2)(a) of section 203J;

• “the principal Regulations” means the Income Tax (Employments) Regulations 1993^f4;

• “section 203F”, “section 203G”, “section 203H”, “section 203I” and “section 203J” mean respectively section 203F, section 203G, section 203H, section 203I and section 203J of the Taxes Act;

• “the Taxes Act” means the Income and Corporation Taxes Act 1988.