Part 2Income tax, corporation tax and capital gains tax_general

Employment matters

52Greater London Authority: severance payments

1

Section 291(2) of ITEPA 2003 (termination payments to MPs and others ceasing to hold office) is amended as follows.

2

In paragraph (ea), omit “or”.

3

At the end of paragraph (f) insert

, or

g

made under section 26A of the Greater London Authority Act 1999 (payments on ceasing to hold office as Mayor of London or as a member of the London Assembly).

4

The amendments made by this section have effect in relation to payments made on or after 6 April 2008.