PART VIIU.K. GENERAL PROVISIONS RELATING TO TAXATION OF INCOME OF INDIVIDUALS

CHAPTER IVU.K. SPECIAL PROVISIONS

[F1329AB Compensation for personal injury under statutory or other schemes.U.K.

(1)Section 329AA applies to annuity payments under an award of compensation made under the Criminal Injuries Compensation Scheme as it applies to payments of damages in that form under such an agreement or order as is mentioned in subsection (1) of that section.

(2)In subsection (1) above “the Criminal Injuries Compensation Scheme” means—

(a)the scheme established by arrangements made under the M1Criminal Injuries Compensation Act 1995; or

(b)arrangements made by the Secretary of State for compensation for criminal injuries and in operation before the commencement of that scheme.

(3)If it appears to the Treasury that any other scheme or arrangement, whether established by statute or otherwise, makes provision for the making of periodical payments by way of compensation for personal injury within the meaning of section 329AA, the Treasury may by order apply that section to those payments with such modifications as the Treasury consider necessary.]

Textual Amendments

F1Ss. 329AA, 329AB inserted (with effect in accordance with s. 150(2)-(4) of the amending Act) by Finance Act 1996 (c. 8), s. 150(1), Sch. 26

Marginal Citations