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HMRC internal manual

Employment Income Manual

HM Revenue & Customs
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The benefits code: benefits chargeable under legislation other than the benefits code

Section 63(1) ITEPA 2003A benefit is not chargeable under the benefits code (

EIM20006) if it is already fully chargeable to income tax under some other provision. For example:
* benefits capable of being turned into money charged (the “money’s worth” principle) under Section 62 ITEPA 2003, see EIM00540, or * benefits obtained by discharge of an employee’s debt (the “pecuniary liability” principle) under Section 62, see EIM00580.