PART 1Income Tax, Corporation Tax and Capital Gains Tax

CHAPTER 2Income tax: general

Exemptions and reliefs

13Income tax exemption for universal credit

(1)

In section 677(1) of ITEPA 2003 (UK social security benefits wholly exempt from tax), in Part 1 of Table B (benefits payable under primary legislation), insert at the appropriate place—

“Universal credit

WRA 2012

Part 1

Any provision made for Northern Ireland which corresponds to Part 1 of WRA 2012”.

(2)

The amendment made by this section has effect for the tax year 2013-14 and subsequent tax years.