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HMRC internal manual

Tax Credits Technical Manual

HM Revenue & Customs
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Income: Employment income rules - Specific payments and benefits in kind excluded from employment income for tax credit purposes: Gifts

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 4(4), Table 1 (Item 14).

Gifts of goods or a voucher or token to obtain goods received from third parties (and satisfying the conditions of sections 324 and 270 of ITEPA)

This is the income tax exemption (see Employment Income Manual EIM01450 and sections 270 and 324 ITEPA)