Part 6Exempt income
Chapter 9Other income
Other
781Payments under New Deal 50plus
1
No liability to income tax arises in respect of a payment that is made—
a
by way of training grant under the “New Deal 50plus” scheme, and
b
to a person as a participant in that scheme.
2
For this purpose the “New Deal 50plus” scheme means —
a
the scheme under section 2(2) of the Employment and Training Act 1973 (c. 50) known as “New Deal 50plus”, or
b
the corresponding scheme under section 1 of the Employment and Training Act (Northern Ireland) 1950 (c. 29 (N.I.)).