Statutory Instruments
2003 No. 1434
INCOME TAX
The Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2003
Made
3rd June 2003
Laid before the House of Commons
4th June 2003
Coming into force
25th June 2003
The Treasury, in exercise of the powers conferred upon them by section 210 of the Income Tax (Earnings and Pensions) Act 2003( 1 ), hereby make the following Regulations:
Citation, commencement, effect and interpretation
1. —(1) These Regulations may be cited as the Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2003 and shall come into force on 25th June 2003.
(2) In these Regulations “the principal Regulations” means the Income Tax (Exemption of Minor Benefits) Regulations 2002 ( 2 ) and a reference to a numbered regulation is a reference to the regulation in the principal Regulations bearing that number.
Amendment of the principal Regulations
2. —(1) Amend regulation 2 (interpretation) as follows.
(2) In the definition of ““bus” and “minibus”” for “section 197AA of the Taxes Act” substitute “section 242 of ITEPA”.
(3) After the definition of “employment” insert—
“ “ITEPA” means the Income Tax (Earnings and Pensions) Act 2003; ” .
(4) Omit the definition of “the Taxes Act”.
3. —(1) Amend regulation 3 as follows.
(2) For paragraph (1) substitute—
“ (1) There is no charge to tax under Chapter 10 of Part 3 of ITEPA in respect of the provision for employees of qualifying meals. ” .
(3) Omit paragraph (2).
4. In regulation 4(1) for “section 154 of the Taxes Act (taxable benefits: general charging provision)” substitute “Chapter 10 of Part 3 of ITEPA”.
Jim Fitzpatrick
Nick Ainger
Two of the Lords Commissioners of Her Majesty’s Treasury
3rd June 2003