Policy paper

Power to make temporary modifications of taxation of employment income

This tax information and impact note outlines a new power to make regulations to to make regulations to make temporary modifications to the Income Tax (Earnings and Pensions) Act 2003 in the event of a disaster or emergency of national significance.

• From: HM Revenue & Customs
• Published: 27 October 2021

Documents

Power to make temporary modifications of taxation of employment income

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Details

This measure will allow HM Treasury to make regulations to make temporary modifications to the Income Tax (Earnings and Pensions) Act 2003 (ITEPA), under ministerial direction, to provide Income Tax and NICs relief on specific employee expenses or benefits-in-kind, in the event of a disaster or emergency of national significance.

Published 27 October 2021