151 Benefits under pilot schemes
Finance Act 1996 (1996 c 8) | Legislation

Taxation of benefits

151  Benefits under pilot schemes

(1)     The Treasury may by order make provision for the Income Tax Acts to have effect in relation to any amount of benefit payable by virtue of a Government pilot scheme as if it was, as they think fit, either—

(a)     wholly or partly exempt from income tax and, accordingly, to be disregarded in computing the amount of any receipts brought into account for income tax purposes; or

(b)     to the extent specified in the order, to be brought into account for the purposes of income tax as income of a description so specified or as a receipt of a description so specified.

(2)     The Treasury may by order provide for any amount of benefit payable by virtue of a Government pilot scheme to be left

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