The Income Tax (Exemption of Social Security Benefits) Regulations 2024

Amendment to the Income Tax (Earnings and Pensions) Act 2003

2.—(1) Chapter 5 of Part 10 of ITEPA (social security income) is amended as follows.

(2) In section 677(1)(1), in Table B (UK social security benefits wholly exempt from tax: Table B), in Part 1 (benefits payable under primary legislation and Northern Ireland welfare supplementary payments etc), at the appropriate place insert—

“Payments made under the Parental Transitions Support scheme(2)

LGSA 2003(3)

Section 20”.

(1)

Section 677(1) was amended by paragraph 9 of Schedule 17 and Part 2 of Schedule 42 to the Finance Act 2004 (c. 12); paragraph 24 of Schedule 3 to the Welfare Reform Act 2007 (c. 5); section 46 of the Finance Act 2008 (c. 9); section 138 of the Health and Social Care Act 2008 (c. 14); paragraph 49 of Schedule 9 to the Welfare Reform Act 2012 (c. 5); section 13 of the Finance Act 2013 (c. 29); paragraph 48 of Schedule 16 to the Pensions Act 2014 (c. 19); paragraph 47 of Schedule 16 to the Pensions Act (Northern Ireland) 2015 (c. 5); section 16 of the Finance Act 2015 (c. 11); section 12 of the Finance Act 2019 (c. 1); and section 12 of the Finance Act 2020. It was also amended by regulation 3 of S.I. 2014/606; regulation 15 of S.I. 2017/338; regulation 2 of S.I. 2021/1341; regulation 2 of S.I. 2022/529; and regulation 3 of S.I. 2023/1148.

(2)

Details of this scheme have been published at https://www.gov.scot/publications/parental-transitions-support-guidance-for-local-authorities. Paper copies of all relevant documentation relating to the scheme are available for inspection at: His Majesty’s Revenue and Customs, 100 Parliament Street, London SW1A 2BQ.

(3)

This abbreviation is defined, in the table in Part 1 (abbreviations of Acts and instruments) of Schedule 1 to ITEPA, as The Local Government in Scotland Act 2003 (asp 1). This definition was inserted by regulation 3 of S.I. 2023/1148.