The benefits code: what is meant by a “benefit”
Section 201 ITEPA 2003Section 201(1) ITEPA 2003 concerns “employment-related benefits”.
A benefit is defined in Section 201(2) as “a benefit or facility of any kind”. When a benefit is provided to an employee (or to any member of his family or household (Section 721(5) ITEPA 2003) by reason of the employment (EIM20501), it is an “employment-related benefit” (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.
For benefits specifically exempted from charge see EIM21240.