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Legislation
Finance Act 1988

Crossheading Benefits in kind

  • Section 45 Car benefits.
  • Section 46 Car parking facilities.
  • Section 47 Entertainment: non-cash vouchers.
  • Section 48 Entertainment: credit-tokens.
  • Section 49 Entertainment of directors and higher-paid employees.
  1. Benefits in kind
  2. Entertainment: credit-tokens.

Section 48 | Entertainment: credit-tokens.

From legislation.gov.uk

(1)RepealedF1

(2)The provision set out in subsection (1) above shall be inserted after subsection (3) of section 36A of the Finance (No. 2) Act 1975 (credit-tokens) as subsection (3A) with the substitution for the reference to section 839 of the Taxes Act 1988 of a reference to section 533 of the Taxes Act 1970.

(3)The amendment made by subsection (1) above shall have effect for the year 1988-89 and subsequent years of assessment; and the amendment made by subsection (2) above shall have effect for the year 1987-88.

Notes

  1. F1

    S. 48(1) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 8 Pt. 1 (with Sch. 7)

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