EIM21002 - The benefits code: what is meant by a 바카라 사이트渂enefit바카라 사이트�
Section 201 ITEPA 2003
Section 201(1) ITEPA 2003 concerns 바카라 사이트渆mployment-related benefits바카라 사이트�.
A benefit is defined in section 201(2) as 바카라 사이트渁 benefit or facility of any kind바카라 사이트�. When a benefit is provided to an employee (or to any member of his or her family or household (section 721(5) ITEPA 2003) by reason of the employment (EIM20501), it is an 바카라 사이트渆mployment-related benefit바카라 사이트� (section 201(2)).
The definition of what is a benefit is thus very wide and includes everything that confers a special bounty of any description on the recipient.
However, something (other than a loan where special provisions apply, see EIM26101 and EIM26111) which is a 바카라 사이트渇air bargain바카라 사이트� (EIM21004) between the employer and the employee is not a 바카라 사이트渂enefit바카라 사이트�.
For benefits specifically exempted from charge see EIM21240.