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10th July 2012
Laid before the House of Commons
11th July 2012
Coming into force
6th April 2013
The Treasury, in exercise of the power conferred by section 210 of the Income Tax (Earnings and Pensions) Act 2003(1), make the following Regulations.
1. These Regulations may be cited as the Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2012, come into force on 6th April 2013 and have effect for the tax year 2013-14 and subsequent tax years.
2. The Income Tax (Exemption of Minor Benefits) Regulations 2002(2) are amended as follows—
(a)in regulation 2, omit the definition of “cycle”; and
(b)omit regulation 3.
3. Omit regulation 3 of the Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2003(3).
Two of the Lords Commissioners of Her Majesty’s Treasury
10th July 2012
(This note is not part of the Regulations)
These Regulations amend the Income Tax (Exemption of Minor Benefits) Regulations 2002 (S.I. 2002/205) (“the principal Regulations”) to remove as an exempt minor benefit food or drink provided by an employer to an employee in recognition of the employee having cycled from home to the workplace on designated days. The exemption is removed with effect from 6th April 2013.
The provisions of the principal Regulations were amended by a later statutory instrument. Regulation 3 makes a corresponding amendment to the Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2003 (S.I. 2003/1434) in order to remove redundant legislation from the statute book.
A Tax Information and Impact Note covering this instrument was published on 6th December 2011 alongside the autumn statement and is available on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm. It remains an accurate summary of the impacts that apply to this instrument.
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