Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 233: Passenger payments
951.This section sets out the basic availability of the exemption for passenger payments. The section derives from section 197AE of ICTA.
952.Subsection (1) gives details of the circumstances in which the exemption for passenger payments is available.
953.Subsection (2) qualifies part of the provisions in subsection (1).
954.Subsection (3) explains what are passenger payments.
955.Subsection (4) explains what are approved passenger payments.
956.Subsection (5) supplies additional information in relation to subsection (2).