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The Taxation of Benefits under Pilot Schemes (Earnings Top-up) Order 1996

S.I. 1996/2396 · Made 13 September 1996

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INCOME TAX

Made 13th September 1996

Laid before the House of Commons 16th September 1996

Coming into force 8th October 1996

The Treasury, in exercise of the powers conferred on them by section 151(1)(a), (2), (5) and (7) of the Finance Act 1996f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1996 c. 8.

Contents

  1. 1Citation, commencement and effect
  2. 2Interpretation
  3. 3Exemption of Earnings Top-up from income tax
  4. Signature
  5. Explanatory note

1Citation, commencement and effect

(1)

This Order may be cited as the Taxation of Benefits under Pilot Schemes (Earnings Top-up) Order 1996 and shall come into force on 8th October 1996.

(2)

This Order shall have effect in relation to amounts of Earnings Top-up payable on or after 8th October 1996.

2Interpretation

In this Order—

  • “benefit” shall be construed in accordance with section 151(6) of the Finance Act 1996;

  • “Earnings Top-up” means the benefit payable under that name by virtue of a Government pilot scheme;

  • “Government pilot scheme” has the meaning given by subsections (3) and (4) of section 151 of the Finance Act 1996.

3Exemption of Earnings Top-up from income tax

The Income Tax Acts shall have effect in relation to any amount of Earnings Top-up as if it were wholly exempt from income tax and, accordingly, to be disregarded in computing the amount of any receipts brought into account for income tax purposes.

Signature

Richard Ottaway

Bowen Wells

Two of the Lords Commissioners of Her Majesty’s Treasury

13th September 1996

Explanatory note

(This note is not part of the Order)

This Order provides for payments of benefit made under the scheme known as Earnings Top-up to be exempt from income tax and to be disregarded in computing the amount of any receipts brought into account for income tax purposes.