Article 3 Income Tax (Earnings and Pensions) Act 2003

(1)

The Income Tax (Earnings and Pensions) Act 2003^f1 is amended as follows.

(2)

In section 457 (meaning of “research institution”)^f2, in subsection (1)(a)—

(a)

for sub-paragraph (iii) substitute—

“(iii)

section 92, 97, 103 or 104(1)(a) of the Tertiary Education and Research (Wales) Act 2022, ignoring for this purpose any grant, loan, financial support, financial assistance, financial resources or payment received as a collaborating body within the meaning given by section 92(5), 97(3) or 104(2) of that Act, as the case may be,”;

(b)

omit sub-paragraph (v).

Annotations

Footnotes

f1: 2003 c. 1.
f2: Section 457 was inserted by the Finance Act 2005 (c. 7), section 20(1), and amended by S.I. 2019/1027, regulation 9.