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← Income Tax (Earnings and Pensions) Act 2003

Income Tax (Earnings and Pensions) Act 2003 s 92

Income Tax (Earnings and Pensions) Act 2003 s 92

s 92 Meaning of “credit-token”

(1) In this Chapter “ credit-token ” means a credit card, debit card or other card, a token, a document or other object given to a person by another person (“X”) who undertakes— (a) on the production of it, to supply money, goods or services on credit, or (b) if a third party (“Y”) supplies money, goods or services on its production, to pay Y for what is supplied. (2) A card, token, document or other object can be a credit-token even if— (a) some other action is required in addition to its production in order for the money, goods or services to be supplied; (b) X in paying Y may take a discount or commission. (3) For the purposes of this section— (a) the use of an object given by X to operate a machine provided by X is to be treated as its production to X, and (b) the use of an object given by X to operate a machine provided by Y is to be treated as its production to Y. (4) A “ credit-token ” does not include a cash voucher or a non-cash voucher.

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