Finance Act 2013
2013 CHAPTER 29
Introduction
Section 13: Income Tax Exemption for Universal Credit
Summary
1.Section 13 adds Universal Credit to the table of social security benefits that are wholly exempt from income tax.
Details of the Section
2.Subsection 1 adds Universal Credit and its equivalent in Northern Ireland to Table B in section 677 of the Income Tax (Earnings and Pensions) Act 2003. Table B sets out the social security benefits that are wholly exempt from income tax.
Background
3.Universal Credit will bring together different forms of income-related benefits and tax credits and provide a simple, integrated benefit for people in or out of work. The benefit will consist of a basic standard allowance with additional elements for disability, children disabled children, child care, carers and housing costs.
- Blaenorol
- Nodiadau Esboniadol Tabl o’r Cynnwys
- Nesaf
