# Finance (No. 2) Act 2023, Paragraph 1: Income tax and corporation tax

Extent: E+W+S+N.I.

(1) No liability to income tax or corporation tax arises in respect of a payment which is made by a local authority to a person (“S”) by reason of S—
(a) being an approved sponsor under the Homes for Ukraine Sponsorship Scheme, and
(b) providing accommodation to a person granted entry clearance or permission to stay under that scheme.
(2) This paragraph has effect in relation to payments made on or after 14 March 2022.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/24/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-24/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.