Where an employment-related benefit is provided under optional remuneration arrangements (salary sacrifice), (see E4.601B) the amount to be treated as earnings is the 'relevant amount'1. The relevant amount is determined by a comparison between the amount forgone under the arrangements and the cost of provision of the benefit. If the cost of provision is greater than or equal to the amount forgone, the relevant amount to be treated as earnings is the cash equivalent
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 15:31