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This booklet explains the tax law relating to expenses payments and benefits
received by:
directors, and
employees earning at a rate of 8,500 or more a year.
It also explains the tax law relating to the valuation of non-cash benefits
received by any taxpayer:
on or after 6 April 1998 in connection with termination of employment, or
from an employer-financed retirement benefits scheme.
For information on these non-cash benefits, read Chapter 27 before you look
at any other section of the booklet.
This booklet is based on the law in force at 6 April 2013. It has no binding
force and does not affect your rights of appeal.
Certain specific aspects of the law affecting securities/share schemes apply
from dates later than 6 April 2007. Please see the website address in
Chapter 23.13 for more details.
References to the relevant legislation are shown at the side of each
paragraph. If you are in doubt, consult the wording of the statute, go to
www.legislation.gov.uk
New or revised material is indicated by a green line in the margin.
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