Part 3Income tax, corporation tax and capital gains tax
Other income tax measures
63Armed forces redundancy schemes
1
In section 411 of ITEPA 2003 (exception for payments and benefits for forces), the existing provision becomes subsection (1) and after that subsection insert—
2
This Chapter does not apply to a payment or other benefit provided under a scheme established by an order under section 1(1) of the Armed Forces (Pensions and Compensation) Act 2004.
2
The amendments made by subsection (1) have effect for the tax year 2006-07 and subsequent tax years.