Finance Act 2021 (c. 26)

PART 1 U.K. Income tax, corporation tax and capital gains tax

Coronavirus support payments etc U.K.

32 Self-employment income support scheme U.K.

(1) In section 106 of FA 2020 (taxation of coronavirus support payments), in subsection (3)—

(a) after “provision about” insert “ (including provision modifying) ”;

(b) for “(2)(c)” substitute “ (2)(b) ”.

(2) In paragraph 3(3) of Schedule 16 to FA 2020 (self-employment income support scheme payments to be treated as receipts of the tax year 2020-21), for “2020-21” substitute “ in which the payment was received ”.

(3) In paragraph 8 of that Schedule (charge if person not entitled to coronavirus support payment)—

(a) in sub-paragraph (3)—

(i) in the words before paragraph (a), after “scheme” insert “ or the self-employment income support scheme ”;

(ii) in paragraph (b), before “because” insert “ in the case of a payment made under the coronavirus job retention scheme, ”;

(b) in sub-paragraph (4)(a), after “scheme” insert “ or the self-employment income support scheme ”.

(4) The amendments made by subsections (2) and (3) have effect in relation to coronavirus support payments received on or after 6 April 2021.

(5) In this section “coronavirus support payment” has the meaning it has in Schedule 16 to FA 2020 (see section 106(2) and (5) of that Act).