4.1ÌýÌýÌýÌý Valuation of benefits-in-kind
Benefits-in kind, or taxable benefits (often referred to as fringe benefits), are specifically included in the gross income of taxpayers under para (i) of the definition. In turn, they are also subsumed in the definition of remuneration, where para (b) refers to the cash equivalent amounts included in gross income under para (i). The value of taxable benefits is therefore subject to PAYE.
Paragraph (i) of the definition of gross income determines that
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