Point in time view as at 01/03/2024.
There are currently no known outstanding effects for the Finance Act 2021, Section 31.
(1)This section applies to a payment which—
(a)is made by Her Majesty's Revenue and Customs in the exercise of a function which they have as a result of a direction given by the Treasury under section 76 of the Coronavirus Act 2020, and
(b)is made to a person by reason of the person's receipt of any tax credit specified in the direction on a date so specified.
(2)No liability to income tax arises in respect of a payment to which this section applies.
(3)But subsection (2) does not prevent the application of paragraph 8 of Schedule 16 to FA 2020 (charge to income tax where person not entitled to coronavirus support payment) in relation to a payment to which this section applies.
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