SCHEDULES
SCHEDULE 15Tax relief for scheme payments etc
F1Part 1Income tax and other related relief
Annotations:
Amendments (Textual)
Exemption from income tax
C13
1
No liability to income tax arises in respect of a qualifying payment.
2
A qualifying payment is to be ignored for all other income tax purposes.
3
This paragraph has effect in relation to qualifying payments within paragraph 2(2) or (3) that are received on or after 3 April 2019.
4
This paragraph has effect in relation to qualifying payments within paragraph 2(4) that are received on or after 29 May 2020.
5
This paragraph has effect in relation to qualifying payments within paragraph 2(5) that are received on or after such date as is specified in the regulations concerned (which may be a date before the regulations are made).
Sch. 15 Pt. 1 heading inserted (22.2.2024) by Finance Act 2024 (c. 3), s. 12(3)(b)