The Coronavirus Life Assurance Scheme (Northern Irish Scheme) (Excluded Benefits for Tax Purposes) Regulations, SI 2020/1198, exempt from the charge to tax on employer-financed benefits under ITEPA 2003 s 394, lump sum payments of £60,000 paid under the 2020 health and social care coronavirus life assurance (Northern Ireland) scheme. The exemption applies in relation to any payments made in 2020–21 or subsequent tax years.
The Coronavirus Life Assurance Scheme (Northern Irish Scheme) (Excluded Benefits for Tax Purposes) Regulations, SI 2020/1198, exempt from the charge to tax on employer-financed benefits under ITEPA 2003 s 394, lump sum payments of £60,000 paid under the 2020 health and social care coronavirus life assurance (Northern Ireland) scheme. The exemption applies in relation to any payments made in 2020–21 or subsequent tax years.
