EIM16030 | Vouchers and credit-tokens: action description
From HM Revenue & Customs · Employment Income Manual
Part 3 Chapter 4, Section 362 and 363 ITEPA 2003
The computation of liability will depend on the particular arrangements under which the voucher or credit-token is supplied or used. In cases of doubt it is essential to obtain or see a sample of the relevant voucher or token together with any brochure or promotional literature relating to its use.
Where a voucher or credit-token has been used in a PAYE avoidance scheme see EIM11910.
The following table summarises the steps to take.
| Action | Instructions |
|---|---|
| Identify the type of voucher or token - you need to establish how the voucher or token is intended to be used and what the employee is able to obtain by its use - the legislation defines the following types of voucher or token: | - |
| Non-cash vouchers - those exchangeable for goods and services | EIM16040 |
| Non-cash vouchers - cheque vouchers | EIM16048 |
| Non-cash vouchers - childcare vouchers | EIM16055 |
| Non-cash vouchers - transport vouchers | EIM16060 to EIM16070 |
| Credit tokens | EIM16090 |
| Cash vouchers | EIM16110 |
| Check the voucher or token has been received by, or appropriated to, the employee by reason of the employment | EIM16120 to EIM16130 |
| Calculate the amount of earnings and determine in which year the liability falls | EIM16140 to EIM16160 |
| Make any allowable deductions that are claimed | EIM16170 |
| Consider whether a dispensation may be appropriate | EIM16180 |