uksi/2024/901 — The Income Tax (Exemption of Social Security Benefits) (No. 2) Regulations 2024

2024 No. 901 INCOME TAX The Income Tax (Exemption of Social Security Benefits) (No. 2) Regulations 2024 Made 4th September 2024 Laid before the House of Commons 5th September 2024 Coming into force 21st October 2024 The Treasury make these Regulations in exercise of the powers conferred by section 13(1) of the Finance Act 2020 . Citation, Commencement and Interpretation 1 1 These Regulations may be cited as the Income Tax (Exemption of Social Security Benefits) (No. 2) Regulations 2024 and come into force on 21st October 2024. Amendment to the Income Tax (Earnings and Pensions) Act 2003 2 1 Chapter 5 of Part 10 of ITEPA 2003 (social security income) is amended as follows. 2 In section 677(1) of ITEPA 2003, in Part 1 of Table B (UK social security benefits wholly exempt from tax: Table B: benefits payable under primary legislation and Northern Ireland welfare supplementary payments etc), at the appropriate place insert— Pension Age Disability Payment SS(S)A 2018 Sections 24 and 31 . Jeff Smith Taiwo Owatemi Two of the Lords Commissioners of His Majesty's Treasury 4th September 2024 Explanatory Note (This note is not part of the Regulations) These Regulations make an amendment to Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“ ITEPA ”), so as to provide that no liability to income tax arises on social security benefits of a description specified in the Regulations. Regulation 1 provides for citation and commencement. Regulation 2 amends section 677 of ITEPA by inserting a new row into Part 1 of Table B in that provision, in order to wholly exempt Pension Age Disability Payments paid by the Scottish Minister from income tax. A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to tax policy.