Link Report

(2) Section 112 shall apply in relation to a perquisite comprising the payment to—

(2A) Where, for any relevant year of assessment, an employer makes a payment of emoluments to an employee consisting of a perquisite in the form of a payment to an authorised insurer under a relevant contract, and such payment qualifies for relief under section 470B for that relevant year of assessment, section 112 shall apply as if the perquisite were increased by the amount of the age-related tax credit or age-related tax credits, as the case may be, that the employee is entitled to under section 470B in respect of the payment.

(4) Subsections (3) to (6) of section 238 shall apply, with necessary modifications, in relation to a payment referred to in subsection (3) as they apply in relation to a payment to which that section applies.

(a) as respects so much of a payment that qualifies for relief under section 470, “appropriate percentage”, “authorised insurer”, “relevant contract” and “relievable amount” have the same meanings, respectively, as in section 470,

(a) as respects so much of a payment that qualifies for relief under section 470, “appropriate percentage”, “authorised insurer”, “relevant contract” and “relievable amount” have the same meanings, respectively, as in section 470,

(i) in a case in which paragraph (a) applies, section 470(3)(a), or

(i) section 470(3)(a), an amount equal to the appropriate percentage for the year of assessment of the relievable amount in relation to the payment, or

(d) “qualifying insurer” and “qualifying long-term care policy” have the same meanings, respectively, as in section 470A.

(ii) in a case in which paragraph (b) applies, section 470A(8)(a),

(ii) section 470A(8)(a), an amount equal to the appropriate percentage for the year of assessment of the payment,

(b) as respects so much of a payment that qualifies for relief under section 470B, “authorised insurer” and “relevant contract” have the same meanings, respectively, as in section 470B,

(b) as respects so much of a payment that qualifies for relief under section 470B, “authorised insurer” and “relevant contract” have the same meanings, respectively, as in section 470B,

(2A) Where, for any relevant year of assessment, an employer makes a payment of emoluments to an employee consisting of a perquisite in the form of a payment to an authorised insurer under a relevant contract, and such payment qualifies for relief under section 470B for that relevant year of assessment, section 112 shall apply as if the perquisite were increased by the amount of the age-related tax credit or age-related tax credits, as the case may be, that the employee is entitled to under section 470B in respect of the payment.

(2A) Where, for any relevant year of assessment, an employer makes a payment of emoluments to an employee consisting of a perquisite in the form of a payment to an authorised insurer under a relevant contract, and such payment qualifies for relief under section 470B for that relevant year of assessment, section 112 shall apply as if the perquisite were increased by the amount of the age-related tax credit or age-related tax credits, as the case may be, that the employee is entitled to under section 470B in respect of the payment.

(c) “employee” and “employer” have the same meanings, respectively, as in section 983, and