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HMRC internal manual

Tax Credits Technical Manual

Income: Employment income rules - Specific payments and benefits in kind excluded from employment income for tax credit purposes: Long Service awards

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 4(4), Table 1 (Item 10).

An award made to the claimant as a director or employee by way of a testimonial to mark long service, if the conditions of section323 of ITEPA are satisfied.

This is the income tax exemption (see Employment Income Manual EIM01500 section 323 of the ITEPA 2003))