# The Income Tax (Employments) Regulations 1993, Regulation 71: Interpretation of Chapter III


In this Chapter unless the context otherwise requires—
“fund” means a person who pays holiday pay to an individual who is not employed by him (or, on the death of that individual, to some other person);
“holiday pay” means any payment obtained by an individual (or, on his death, by some other person) in exchange for a voucher, stamp or similar document purchased by a person who employs (or employed) that individual for any holiday period;
“recipient” means an individual (or, on that individual’s death, some other person claiming in respect of that individual’s right) who is paid holiday pay by a fund.

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Source: https://www.legislation.gov.uk/uksi/1993/744/regulation/71 (the official version)
Page: https://openlegislation.uk/income-tax-employments-regulations-1993/regulation-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.