Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Overview
795.This Chapter derives from the provisions of sections 154 and 156 of ICTA, but has a very different structure. The structure of the benefits code is outlined in the overview of Chapter 2 Part 3 of this Act.
796.Sections 201 and 202 together identify the benefits which are within this Chapter.
797.Section 203 provides that the cash equivalent of the benefit is treated as earnings and gives details of how to calculate its amount.
798.Sections 204, 205 and 206 indicate how to calculate the cash equivalent for each different way of providing an employment-related benefit.
799.Sections 207, 208, 209 and 210 are the supplementary provisions.
800.Sections 212, 213, 214 and 215 provide that certain scholarships are benefits within this Chapter.