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Finance Act 2020

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Changes over time for: Section 13

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There are currently no known outstanding effects for the Finance Act 2020, Section 13. Help about Changes to Legislation

13Power to exempt social security benefits from income taxU.K.

(1)The Treasury may by regulations amend Chapter 4 or 5 of Part 10 of ITEPA 2003 (social security benefits: exemptions) so as to provide that no liability to income tax arises on social security benefits of a description specified in the regulations.

(2)Regulations under this section may make—

(a)different provision for different cases;

(b)retrospective provision;

(c)incidental or supplementary provision;

(d)consequential provision (which may include provision amending any provision made by or under the Income Tax Acts).

(3)In section 655 of ITEPA 2003 (structure of Part 10), in subsection (2), at the end insert ;

section 13 of FA 2020 (power to exempt social security benefits from income tax).

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