The Taxation of Coronavirus Support Payments Regulations 2021
| Jurisdiction | UK Non-devolved |
| Citation | SI 2021/92 |
| Year | 2021 |
2021 No. 92
Corporation Tax
Income Tax
The Taxation of Coronavirus Support Payments Regulations 2021
Made 28th January 2021
Laid before the House of Commons 1st February 2021
Coming into force 22th February 2021
The Treasury, in exercise of the powers conferred by section 106(2)(f), (3) and (4) of the Finance Act 20201, makes the following Regulations:
Citation, commencement and effect
1.—(1) These Regulations may be cited as the Taxation of Coronavirus Support Payments Regulations 2021 and come into force on 22nd February 2021.
(2) These Regulations have effect in relation to coronavirus support payments made before and after the making of these Regulations.
Specified schemes
2. The following schemes are specified under section 106 of the Finance Act 2020—
(a) the Test and Trace Support Payment Scheme2in England,
(b) the Self-Isolation Support Grant3in Scotland, and
(c) the Self-Isolation Support Scheme4in Wales.
Application of Schedule 16 to the Finance Act 2020
3.—(1) Paragraph 3 of Schedule 16 to the Finance Act 2020 applies to a coronavirus business support grant scheme and a scheme specified under regulation 2 as if—
(a)
(a) in sub-paragraph (2), after “scheme” there were inserted “, a coronavirus business support grant scheme or a scheme specified under section 106(2)(f) by the Taxation of Coronavirus Support Payments Regulations 2021”,
(b)
(b) in sub-paragraph (5), after “scheme” there were inserted “, a coronavirus business support grant or a scheme specified under section 106(2)(f) by the Taxation of Coronavirus Support Payments Regulations 2021”.
(2) Paragraph 8(2) of Schedule 16 to the Finance Act 2020 applies to a scheme specified under regulation 2 as if—
(a)
(a) for “or the”, there were substituted “, the”, and
(b)
(b) at the end, there were inserted “or a scheme specified under section 106(2)(f) by the Taxation of Coronavirus Support Payments Regulations 2021”.
Rebecca Harris
Maggie Throup
Two of the Lords Commissioners of Her Majesty’s Treasury
28th January 2021
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations make provision in relation to the taxation of coronavirus support payments.
Authority for the retrospective effect is provided by section 106(4) of the Finance Act 2020.
Regulation 2 specifies three schemes (under which a public authority makes a payment...
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