[F1Student loansU.K.
16.—(1) A payment made in accordance with Regulations made under section 186 of the Education Act 2002 in respect of the repayment, reduction or extinguishing of the amounts payable in respect of a loan.
(2) A payment for the purpose of discharging any liability of the earner to income tax for any tax year where the income tax in question is tax chargeable in respect of—
(a)the payment referred to in paragraph (1), or
(b)the payment made for the purpose of discharging the income tax liability itself.]
Textual Amendments
F1 and cross-heading added (17.12.2002) by The Social Security (Contributions) (Amendment No. 4) Regulations 2002 (S.I. 2002/2924), regs. 1, 4(b)