Part 2Income tax, corporation tax and capital gains tax
Chapter 2Personal taxation
Taxable benefits
18Extension of outplacement services etc exemption: part-time employees
(1)
ITEPA 2003 is amended as follows.
(2)
In section 310 (counselling and other outplacement services) in subsection (4) (person to have been employed full-time in the employment which is ceasing for a specified period) omit “full-time”.
(3)
In section 311 (retraining courses) in subsection (3) (conditions to be satisfied in relation to the course)—
(a)
at the end of paragraph (b) insert “and”;
(b)
in paragraph (c) (course to last no more than one year) for “one year” substitute “two years”;
(c)
omit paragraph (d) (employee to attend the course on a full-time or substantially full-time basis) and the word “and” before it.
(4)
In that section, in subsection (4)(c) (person to be employed full-time in the employment which is ceasing for a specified period) omit “full-time”.
(5)
This section has effect in relation to the year 2005-06 and subsequent years of assessment.