# Finance Act 2012, Section 15: Termination payments to MPs ceasing to hold office


(1) In section 291 of ITEPA 2003 (exemptions: termination payments to MPs and others ceasing to hold office), for subsection (2)(a) substitute—
“(a) made under section 5(1) of the Parliamentary Standards Act 2009 in connection with a person's ceasing to be a member of the House of Commons,”.
(2) The amendment made by this section has effect in relation to grants and payments made on or after 1 April 2012.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/section/15 (the official version)
Page: https://openlegislation.uk/finance-act-2012/section-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.