# Finance Act 2011, Section 69: Exemption from tax on interest on unpaid relevant contributions


(1) ITTOIA 2005 is amended as follows.
(2) In section 369(3)(e) (exemptions from income tax charge on income), after “loans,” insert “ unpaid relevant contributions, ”.
(3) After section 753 insert—
“Interest on unpaid relevant contributions
753A (1) No liability to income tax arises in respect of interest paid in compliance with a requirement in a compliance notice or an unpaid contributions notice to pay interest in respect of unpaid relevant contributions.
(2) In this section—
“compliance notice” means a notice under section 35 of the Pensions Act;
“the Pensions Act” means the Pensions Act 2008 or the Pensions (No.2) Act (Northern Ireland) 2008;
“unpaid contributions notice” means a notice under section 37 of the Pensions Act;
“unpaid relevant contributions” has the same meaning as in section 38(2)(a) of the Pensions Act.”

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Source: https://www.legislation.gov.uk/ukpga/2011/11/section/69 (the official version)
Page: https://openlegislation.uk/finance-act-2011/section-69
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.