Written statement: tax exemptions for sponsorship payments under Homes for Ukraine Scheme

Published on: 06 April 2022

Published by a

Specialist Tax Regulatory Materials

Article summary

The Financial Secretary to the Treasury has issued a written statement that announces that the government will introduce legislation in Finance Bill 2022-23 which exempts sponsorship payments made under the Homes for Ukraine scheme from income tax and corporation tax. In addition, the payments will not be liable to National Insurance contributions (NICs). Reliefs from the annual tax on enveloped dwellings (ATED) and the 15% rate of Stamp Duty Land Tax (SDLT) will continue to be available where dwellings are used under the Homes for Ukraine Scheme.

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and Ukraine

News

Guidance

Popular Articles

Personal Tax

Losses on shares set against income

Losses on shares set against incomeUsually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess is carried forward to use against future gains. See the Use of capital losses guidance note

14 Jul 2020 12:12 | Produced by Tolley Read more

Corporation Tax

Real estate investment trusts (REITs)

Real estate investment trusts (REITs)Introduction to REITsA real estate investment trust (REIT) is in fact not a trust at all, it is a company which qualifies for special tax treatment under CTA 2010, Part 12. REITs are similar in many ways to collective fund vehicles (such as unit trusts) in that

14 Jul 2020 13:04 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more

Employment Tax

Classes of NIC and who pays them

Classes of NIC and who pays themClass 1 NICClass 1 NIC is payable on earnings paid to an employed worker which derive from, or are treated as deriving from, an employed earner’s employment in the UK. There are two kinds of Class 1 NIC, primary contributions for which the employee is liable and

14 Jul 2020 11:13 | Produced by Tolley in association with Jim Yuill at The Yuill Consultancy Read more

Brexit

��ɫ��