Statutory Instruments
2020 No. 615
Income Tax
The Coronavirus Life Assurance Scheme (English and Welsh Schemes) (Excluded Benefits for Tax Purposes) Regulations 2020
Made
19th June 2020
Laid before the House of Commons
22nd June 2020
Coming into force
13th July 2020
Citation commencement and effect
(2) Regulation 2 has effect for the tax year 2020–21 and subsequent tax years.
Benefits excluded from charge under Chapter 2 of Part 6 of ITEPA 2003
2. A lump sum 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) where it is paid pursuant to either of the following—
(a) the National Health Service and Social Care Coronavirus Life Assurance (England) Scheme 2020( 3 ); or
(b) the National Health Service and Social Care Coronavirus Life Assurance (Wales) Scheme 2020( 4 ).
Angela MacDonald
Penny Ciniewicz
Two of Her Majesty’s Commissioners for Revenue and Customs
19th June 2020
2003 c. 1 . Section 393B was inserted, by way of substitution for section 393 as originally enacted, by section 249(3) of the Finance Act 2004 (c. 12) . Subsection (4A) was inserted by paragraph 21 of Schedule 20 to the Finance Act 2007 (c. 11) .
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) .
This scheme was established on 20th May 2020 and is available on the website of the NHS Business Services Authority at https://www.nhsbsa.nhs.uk/sites/default/files/2020-05/NHSandSocialCareCLAS2020_SchemeRulesEngland.pdf . Hard copies of the scheme are available on request from the Department of Health and Social Care, Area 2NE, Quarry House, Quarry Hill, Leeds LS2 7UE.
This scheme was established on 17th June 2020 and the rules of the scheme will be available on the website of the NHS Business Services Authority at https://www.nhsbsa.nhs.uk/ . Hard copies are available on request from the Department for Health and Social Services, Welsh Government, Cathays Park, Cardiff, CF10 3NQ.