SolvedEIM13310 | Termination payments and benefits: non-cash benefits other than living accommodation received after 6 April 1998: cash equivalent: rules appropriate to particular benefits
From HM Revenue & Customs · Employment Income Manual
Section 415(2)(b) ITEPA 2003
EIM13280 explained that it is necessary to identify where the type of benefit being provided is dealt with in the benefits code.
| Benefit | Cash equivalent instruction | Notes |
|---|---|---|
| Use of a car | EIM23015 | |
| Car fuel | EIM25550 | |
| Use of a van | EIM22700 | |
| Medical benefits | EIM21760 | |
| Beneficial loan facilities | EIM26101 | The cash equivalent of the beneficial loan is also treated as interest paid and so may be available for relief - see EIM13320. |
| Mobile telephone | EIM21780 | |
| Other benefits | EIM21101 | In particular, assets placed at the taxpayer’s disposal (except cars, mobile telephones and vans, which are dealt with above) - see EIM21615. |
When the value is established, it is income of the year of receipt - see EIM13100.