1996 No. 2396

INCOME TAX

The Taxation of Benefits under Pilot Schemes (Earnings Top-up) Order 1996

Made

Laid before the House of Commons

Coming into force

The Treasury, in exercise of the powers conferred on them by section 151(1)(a), (2), (5) and (7) of the Finance Act 19961, hereby make the following Order:

Citation, commencement and effect1

1

This Order may be cited as the Taxation of Benefits under Pilot Schemes (Earnings Top-up) Order 1996 and shall come into force on 8th October 1996.

2

This Order shall have effect in relation to amounts of Earnings Top-up payable on or after 8th October 1996.

Interpretation2

In this Order—

  • “benefit” shall be construed in accordance with section 151(6) of the Finance Act 1996;

  • “Earnings Top-up” means the benefit payable under that name by virtue of a Government pilot scheme;

  • “Government pilot scheme” has the meaning given by subsections (3) and (4) of section 151 of the Finance Act 1996.

Exemption of Earnings Top-up from income tax3

The Income Tax Acts shall have effect in relation to any amount of Earnings Top-up as if it were wholly exempt from income tax and, accordingly, to be disregarded in computing the amount of any receipts brought into account for income tax purposes.

Richard OttawayBowen WellsTwo of the Lords Commissioners of Her Majesty’s Treasury

(This note is not part of the Order)

This Order provides for payments of benefit made under the scheme known as Earnings Top-up to be exempt from income tax and to be disregarded in computing the amount of any receipts brought into account for income tax purposes.