SCHEDULES

SCHEDULE 37Companies owned by employee-ownership trusts

PART 4Miscellaneous amendments

Corporation Tax Act 2009

23

1

In section 1292 of CTA 2009 (employee benefit contributions: provision of qualifying benefits), after subsection (6A) insert—

6B

For those purposes qualifying benefits are also provided, where a payment of money is made to a person, if and to the extent that the payment is exempt from income tax by virtue of section 312A of ITEPA 2003.

2

The amendment made by this paragraph has effect in relation to payments made on or after 1 October 2014.