Statutory Instruments
2006 No. 132
INCOME TAX
The Armed Forces and Reserve Forces (Compensation Scheme) (Excluded Benefits for Tax Purposes) Regulations 2006
Made
25th January 2006
Laid before the House of Commons
26th January 2006
Coming into force
6th April 2006
Citation and commencement
1. These Regulations may be cited as the Armed Forces and Reserve Forces (Compensation Scheme) (Excluded Benefits for Tax Purposes) Regulations 2006 and shall come into force on 6th April 2006.
Benefits excluded from charge under Chapter 2 of Part 6 of ITEPA 2003
2. Any benefit provided under the Armed Forces and Reserve Forces (Compensation Scheme) Order 2005( 3 ) is prescribed for the purposes of section 393B(3)(d) of the Income Tax Earnings and Pensions Act 2003(prescribed benefits to be excluded benefits for the purposes of Chapter 2 of Part 6 of that Act).
Paul Gray
Mike Eland
Two of the Commissioners for Her Majesty’s Revenue and Customs
25th January 2006
2003 c. 1 . Section 393B was inserted, by way of substitution for section 393 as originally enacted, by section 249 of the Finance Act 2004 (c. 12) .
The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that insofar as it is appropriate in consequence of section 5 a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
S.I. 2005/439 .