Finance Act 2008

52Greater London Authority: severance paymentsU.K.

(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 β€œor”.

(3)At the end of paragraph (f) insert β€œ, 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.