Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 267: Exemption of credit-tokens used for exempt benefits
1092.This section derives from section 142(3A) and (3B) of ICTA, section 49(1) and (2) of FA 1999, and ESCs A58, A59, A66 and A74. The inclusion of the exemptions provided by the ESCs is a minor change to the law. See Changes 47, 48 and 49 in Annex 1.