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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Taxation of Benefits under Pilot Schemes (Earnings Top-up) Order 1996 No. 2396 URL: http://www.bailii.org/uk/legis/num_reg/1996/uksi_19962396_en.html |
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Statutory Instruments
INCOME TAX
Made
13th September 1996
Laid before the House of Commons
16th September 1996
Coming into force
8th October 1996
The Treasury, in exercise of the powers conferred on them by section 151(1)(a), (2), (5) and (7) of the Finance Act 1996(1), hereby make the following Order:
1.-(1) This Order may be cited as the Taxation of Benefits under Pilot Schemes (Earnings Top-up) Order 1996 and shall come into force on 8th October 1996.
(2) This Order shall have effect in relation to amounts of Earnings Top-up payable on or after 8th October 1996.
2. In this Order-
"benefit" shall be construed in accordance with section 151(6) of the Finance Act 1996;
"Earnings Top-up" means the benefit payable under that name by virtue of a Government pilot scheme;
"Government pilot scheme" has the meaning given by subsections (3) and (4) of section 151 of the Finance Act 1996.
3. The Income Tax Acts shall have effect in relation to any amount of Earnings Top-up as if it were wholly exempt from income tax and, accordingly, to be disregarded in computing the amount of any receipts brought into account for income tax purposes.
Richard Ottaway
Bowen Wells
Two of the Lords Commissioners of Her Majesty's Treasury
13th September 1996
(This note is not part of the Order)
This Order provides for payments of benefit made under the scheme known as Earnings Top-up to be exempt from income tax and to be disregarded in computing the amount of any receipts brought into account for income tax purposes.
