Income Tax (Trading and Other Income) Act 2005

This is our most popular package with UK residents, and includes: -

The registration of your company from scratch using your own registered office address, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;

The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);

The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;

The government fee for incorporation is included in the price of this package;

The following documents, which need to be printed and signed, will be emailed to you upon formation of your company: -

A certificate of incorporation (requires PDF file reader);

The memorandum & articles of association (requires MS-Word file reader);

The first meeting of the board of directors (requires MS-Word file reader);

Share certificates and a company register (requires MS-Word file reader).

E-Quick Package

£ 32.00

No Annual Charges

The Deluxe limited company package is a fast and easy option, it is ideal for the UK, EU, and international small to medium businesses who wish to appoint a nominee director and a nominee secretary in order to maintain anonymity, and it includes: -

Incorporation of your company from scratch using one of our registered office addresses in London, our nominee director and nominee secretary. We can appoint your own candidate(s) to the role of shareholder(s), or you can appoint a nominee sharholder provided by Coddan;

The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);

The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;

The government fee for incorporation is included in the price of this package;

The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);

The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);

The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually);

The following two hard bound copies of corporate documents, will be posted to you upon formation of your company: -

A laminated copy of the certificate of incorporation of your company;

A hard bound copy of the memorandum and articles of association;

A hard bound copy of the minutes of the first meeting of directors;

Share certificates, and your company register;

The general power of attorney signed by a nominee director;

Pre-signed, undated resignation letter from a nominee director;

The agreement for the provision of nominee service and indemnification of nominee.

Deluxe Package

£ 557.00

Annual Maintenance Fee £525.00

A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.

You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.

A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.

You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.

The directors and secretary of your company can also be shareholders.

The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.

Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).

There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.

Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.

Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.

Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.

So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.

Legal Requirements to Register an LTD

(click here for other packages)

Income Tax (Trading and Other Income) Act 2005
2005 Chapter 5 - continued
PART 6, EXEMPT INCOME - continued

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	CHAPTER 9
	OTHER INCOME
	Interest only income
749	Interest paid under repayment supplements
	No liability to income tax arises in respect of interest paid under-
	(a) section 824 of ICTA (repayment supplements: individuals and others), or
	(b) section 283 of TCGA 1992 (repayment supplements).
750	Interest from tax reserve certificates
	No liability to income tax arises in respect of interest from tax reserve certificates issued by the Treasury.
751	Interest on damages for personal injury
	(1) No liability to income tax arises in respect of interest on damages for personal injury or death if-
	(a) it is included in a sum awarded by a court,
	(b) it does not relate to the period between the making and satisfaction of the award, and
	(c) in the case of an award by a court in a country outside the United Kingdom, it is exempt from any charge to tax in that place.
	(2) No liability to income tax arises in respect of interest if-
	(a) it is included in a payment in satisfaction of a cause of action (including a payment into court), and
	(b) it would fall within subsection (1) if it were included in a sum awarded by a court in respect of a cause of action.
	(3) In subsection (1)-
	"damages" in Scotland includes solatium, and
	"personal injury" includes disease and impairment of physical or mental condition.
752	Interest under employees' share schemes
	(1) This section applies if-
	(a) a scheme is set up to comply with section 153(4)(b) of the Companies Act 1985 (c. 6) or Article 163(4)(b) of the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)) (financial assistance for the purposes of an employees' share scheme), and
	(b) under the scheme the trustees receive interest from a participant in the scheme.
	(2) So far as the scheme requires the trustees to pay to the company an equivalent amount as interest, no liability to income tax arises under Chapter 2 of Part 4 for the trustees in respect of the interest they receive.
753	Interest on repayment of student loan
	(1) No liability to income tax arises in respect of interest if-
	(a) it is paid to a person to whom a student loan has been made, and
	(b) it relates to an amount repaid to the person after being recovered from the person in respect of the loan.
	(2) In this section "student loan" means a loan made under- section 22 of the Teaching and Higher Education Act 1998 (c. 30), section 73(f) of the Education (Scotland) Act 1980 (c. 44), or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 (S.I. 1998/1760 (N.I. 14)).
754	Redemption of funding bonds
	(1) The redemption of funding bonds is not treated as the payment of interest on a debt for income tax purposes if their issue was treated under section 380 of this Act or section 582(1) of ICTA as the payment of interest on the debt.
	(2) In this section "funding bonds" includes any bonds, stocks, shares, securities or certificates of indebtedness.
755	Interest on foreign currency securities etc. owned by non-UK residents
	(1) This section applies to interest on-
	(a) such foreign currency securities issued by a local authority or a statutory corporation as the Treasury direct, and
	(b) such foreign currency loans made to a statutory corporation as the Treasury direct.
	(2) No liability to income tax arises in respect of interest to which this section applies if-
	(a) in the case of interest on a security, its beneficial owner is a non-UK resident, and
	(b) in the case of interest on a loan, the person for the time being entitled to repayment or eventual repayment is a non-UK resident.
	(3) But interest is not exempt under subsection (2) because a person is a non-UK resident if it is treated as another person's income under- Chapter 5 of Part 5 (settlements: amounts treated as income of settlor), or Chapter 3 of Part 17 of ICTA (anti-avoidance provisions: transfer of assets abroad).
	(4) In this section-
	"company" means a company, as defined in section 735(1)(a) of the Companies Act 1985 (c. 6) or Article 3(1)(a) of the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)),
	"foreign currency", in relation to loans and securities, has the meaning given by section 756, and
	"statutory corporation" means-
	(a) a corporation incorporated by an Act (other than a company), or
	(b) any other corporation on which functions connected with carrying on an undertaking are conferred by an Act or by an order made under or confirmed by an Act.
756	Which securities and loans are foreign currency ones for section 755
	(1) For the purposes of section 755, a security or loan is a foreign currency one if under its terms the currency to be used for repayment is not sterling.
	(2) Subsection (1) is subject to the following qualifications.
	(3) A security issued before 6th April 1982 is a foreign currency one if under its terms the currency to be used for repayment is not that of a country specified in Schedule 1 to the Exchange Control Act 1947 (c. 14) at the time of the issue of the security.
	(4) A loan made before that date is a foreign currency one if under its terms the currency to be used for repayment is not that of a country specified in that Schedule at the time the loan was made.
	(5) If in the case of a security there is an option as to the currency to be used for repayment, the security is only to be treated as a foreign currency one if the option is exercisable only by its holder.
	(6) If in the case of a loan there is an option as to the currency to be used for repayment, the loan is only to be treated as a foreign currency one if the option is exercisable only by the person for the time being entitled to repayment or eventual repayment.
	Interest and royalty payments
757	Interest and royalty payments: introduction
	(1) Sections 758 to 767 make provision for an exemption from income tax in respect of certain interest and royalty payments.
	(2) They give effect to Council Directive 2003/49/EC of 3rd June 2003 on a common system of taxation applicable to interest and royalty payments made between associated companies of different member States ("the Directive").
	(3) Specifically-
	(a) section 758 sets out the conditions to be met for the exemption to apply,
	(b) sections 759 to 761 explain certain terms used in those conditions,
	(c) section 762 confers powers on the Board to make regulations about exemption notices,
	(d) sections 763 and 764 make provision for limiting the exemption in the case of certain special relationships,
	(e) section 765 contains anti-avoidance provisions,
	(f) section 766 contains interpretation provisions, and
	(g) section 767 confers power on the Treasury to amend references in sections 757 to 766 to the Directive.
758	Exemption for certain interest and royalty payments
	(1) No liability to income tax arises in respect of a payment of interest or a payment of a royalty if, at the time the payment is made, conditions A to D are met.
	(2) Condition A is that the person making the payment is-
	(a) a UK company, but not such a company's permanent establishment in a territory other than the United Kingdom, or
	(b) a UK permanent establishment of an EU company.
	See section 759 as to when a permanent establishment is to be treated as the person making the payment.
	(3) Condition B is that the person beneficially entitled to the income in respect of which the payment is made is an EU company, but not such a company's UK permanent establishment or non-EU permanent establishment.
	See section 760 as to when a permanent establishment is to be treated as the person beneficially entitled to the income in respect of which the payment is made.
	(4) Condition C is that the company in condition A and the company in condition B are 25% associates (see section 761).
	(5) Condition D is that, if the payment is a payment of interest, the Board of Inland Revenue has issued an exemption notice in accordance with regulations under section 762.
	(6) This section is subject to- sections 763 and 764 (special relationships), and section 765 (anti-avoidance).
759	The person making the payment
	(1) This section supplements condition A in section 758.
	(2) It applies in a case where a company is resident in one territory and has a permanent establishment in another territory.
	(3) The permanent establishment (and not the company) is to be treated as the person making the payment so far as (within the meaning of Article 1(3) of the Directive) the payment represents a tax-deductible expense for the permanent establishment in the territory in which it is situated.
760	The person beneficially entitled to the payment
	(1) This section supplements condition B in section 758.
	(2) It applies in a case where an EU company has a UK permanent establishment or a non-EU permanent establishment.
	(3) The permanent establishment (and not the company) is to be treated as the person beneficially entitled to the income in respect of which the payment is made so far as subsections (4) and (5) apply to the payment.
	(4) This subsection applies to the payment if (within the meaning of Article 1(5) of the Directive) it arises in respect of a debt-claim, right or use of information which is effectively connected with the permanent establishment.
	(5) This subsection applies to the payment if (within the meaning of Article 1(5) of the Directive) it represents income in respect of which the permanent establishment is subject in the territory in which it is situated to United Kingdom corporation tax or a tax corresponding to that tax.
761	Meaning of "25% associates"
	For the purposes of condition C in section 758, two companies are 25% associates if-
	(a) one holds directly-
	(i) 25% or more of the capital in the other, or
	(ii) 25% or more of the voting rights in the other, or
	(b) a third company holds directly-
	(i) 25% or more of the capital in each of them, or
	(ii) 25% or more of the voting rights in each of them.
762	Interest payments: exemption notices
	(1) The Board of Inland Revenue may make regulations about exemption notices under section 758(5).
	(2) The regulations may in particular make provision for or in connection with-
	(a) enabling an exemption notice to be issued only on the request of a person of a prescribed description,
	(b) requiring a person requesting the issue of an exemption notice to certify that conditions A to C in section 758 are met and that section 765 (anti-avoidance) does not apply,
	(c) the information to be provided in the certificate,
	(d) the person to whom an exemption notice is to be given,
	(e) in a case where section 763 (special relationships) applies or may apply to a payment of interest, requiring an exemption notice to specify-
	(i) the amount of the payment in relation to which the notice has effect, or
	(ii) the method to be used for determining that amount,
	(f) imposing a time limit for the issue of an exemption notice,
	(g) imposing notification requirements,
	(h) the cancellation of exemption notices by the Board,
	(i) prescribing circumstances in which exemption notices are to become ineffective,
	(j) the making of appeals (for example, against a refusal to grant, or the cancellation of, an exemption notice),
	(k) authorising, in cases where-
	(i) an exemption notice has been issued,
	(ii) tax has not been deducted from a payment of interest, and
	(iii) any of the conditions in section 758 were not met in the case of the payment,
	the recovery of that tax by assessment or by deduction from subsequent payments.
763	Special relationships
	(1) This section applies if-
	(a) apart from this section, section 758 would apply in relation to a payment of interest or of a royalty,
	(b) at the time the payment is made there is a special relationship (within the meaning of Article 4(2) of the Directive)-
	(i) between the company in condition A of section 758 and the company in condition B of that section, or
	(ii) between one of those companies and another person, and
	(c) owing to the special relationship, the amount of the payment exceeds the amount which would have been paid in the absence of the relationship ("the arm's length amount").
	(2) Sections 757 to 767, apart from this section and section 764, have effect in relation to only so much of the payment as does not exceed the arm's length amount (which may be nil).
	(3) Nothing in this section or section 764 affects any relief which may be allowed under any arrangements having effect under section 788 of ICTA (double taxation relief by agreement with other territories).
764	Application of ICTA provisions about special relationships
	(1) The provisions in ICTA mentioned in subsections (2) and (3) apply in relation to section 763 as if that section were a special relationship provision within the meaning of those provisions.
	(2) In the case of a payment of interest, those provisions are subsections (2) to (4) of section 808A of ICTA (interest: special relationship).
	(3) In the case of a payment of a royalty, those provisions are subsections (2) to (7) and (9) of section 808B of ICTA (royalties: special relationship).
	(4) In those provisions as applied in relation to section 763, expressions also used in sections 757 to 767 have the same meaning as in those sections.
765	Anti-avoidance
	(1) Section 758 does not apply in relation to a payment of interest if it was the main purpose or one of the main purposes of any person concerned with the creation or assignment of the debt-claim in respect of which the interest is paid to take advantage of that section by means of that creation or assignment.
	(2) Section 758 does not apply in relation to a payment of a royalty if it was the main purpose or one of the main purposes of any person concerned with the creation or assignment of the right in respect of which the royalty is paid to take advantage of that section by means of that creation or assignment.
766	Interest and royalty payments: interpretation
	In sections 757 to 767-
	"company" has the same meaning as the expression "company of a member State" has for the purposes of the Directive (see Article 3(a) of the Directive),
	"debt-claim" has the same meaning as in the Directive,
	"the Directive" has the meaning given by section 757(2),
	"EU company" means a company resident in a member State other than the United Kingdom,
	"interest" and "royalties" have the meaning given by Article 2 of the Directive,
	"non-EU permanent establishment" means a permanent establishment in a territory other than a member State,
	"UK company" means a company resident in the United Kingdom, and
	"UK permanent establishment" means a permanent establishment in the United Kingdom.
767	Power to amend references to the Directive by order
	(1) The Treasury may by order make such provision amending any reference in sections 757 to 766 to, or to a provision of,-
	(a) the Directive, or
	(b) any instrument referred to in those sections by virtue of an order made under this section,
	as appears to them appropriate for the purpose of giving effect to any Council Directive adopted after 8th April 2004 amending or replacing the Directive.
	(2) This includes a power to make provision amending any such reference as it applies to section 101 of FA 2004 (payment of royalties without deduction of tax) as a result of subsection (9) of that section.
	Income from commercial occupation of woodlands
768	Commercial occupation of woodlands
	(1) No liability to income tax arises under Chapter 8 of Part 5 (income not otherwise charged) in respect of income arising from the commercial occupation of woodlands in the United Kingdom.
	(2) For this purpose the occupation of woodlands is commercial if the woodlands are managed-
	(a) on a commercial basis, and
	(b) with a view to the realisation of profits.
	Housing grants
769	Housing grants
	(1) No liability to income tax arises in respect of a payment if it is made-
	(a) under an enactment relating to the giving of financial assistance for the provision, maintenance or improvement of housing accommodation or other residential accommodation, and
	(b) by way of grant or other contribution towards expenses.
	(2) It does not matter whether-
	(a) the payment is made to the person who incurs the expenses, or
	(b) the expenses have been, or are to be, incurred.
	(3) Subsection (1) does not apply so far as the payment is made towards an expense which is deductible in calculating income for any income or corporation tax purpose.
	Approved share incentive plan distributions
770	Amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment
	(1) This section applies if-
	(a) shares are awarded to a participant under an approved share incentive plan, and
	(b) the condition in section 392(3) or (5) is met at the time the shares in question are so awarded (earnings within ITEPA 2003).
	This is subject to subsection (4).
	(2) No liability to income tax arises for the participant in respect of-
	(a) the amount applied by the trustees in acquiring dividend shares on behalf of the participant, or
	(b) any amount retained under paragraph 68(2) of Schedule 2 to ITEPA 2003 (amount of cash dividend not reinvested).
	(3) Subsection (2) does not affect any liability arising as a result of-
	(a) the retained amount later being paid out (see sections 393 and 406), or
	(b) the dividend shares ceasing to be subject to the plan (see sections 394 and 407).
	(4) This section does not apply if the main purpose or one of the main purposes of the arrangements under which the shares are awarded or acquired is the avoidance of tax or national insurance contributions.
	(5) This section forms part of the SIP code (see section 488 of ITEPA 2003: approved share incentive plans).
	(6) Accordingly, expressions used in this section and contained in the index in paragraph 100 of Schedule 2 to that Act (approved share incentive plans) have the meaning indicated by that index.
	(7) In particular-
	(a) for the meaning of "dividend shares" see paragraph 62(3)(b) of that Schedule,
	(b) for the meaning of "participant" see paragraph 5(4) of that Schedule, and
	(c) for the meaning of "the trustees" see paragraphs 2(2) and 71(1) of that Schedule.
	Foreign income of consular officers and employees
771	Relevant foreign income of consular officers and employees
	(1) No liability to income tax arises in respect of relevant foreign income of a consular officer or employee in the United Kingdom for a foreign state if-
	(a) Her Majesty by Order in Council directs that this section applies to the foreign state for the purpose of giving effect to a reciprocal arrangement with that state, and
	(b) the officer or employee meets conditions A to C.
	(2) Condition A is that the officer or employee is not-
	(a) a British citizen,
	(b) a British overseas territories citizen,
	(c) a British National (Overseas), or
	(d) a British Overseas citizen.
	(3) Condition B is that the officer or employee is not engaged in any trade, profession, vocation or employment in the United Kingdom, otherwise than as a consular officer or employee of the state in question.
	(4) Condition C is that the officer or employee-
	(a) is a permanent employee of that state, or
	(b) was not ordinarily UK resident immediately before becoming a consular officer or employee in the United Kingdom of that state.
	(5) In this section and section 772-
	"consular officer or employee" includes any person employed for the purposes of the official business of a consular officer at-
	(a) any consulate,
	(b) any consular establishment, or
	(c) any other premises used for those purposes, and
	"reciprocal arrangement" means a consular convention or other arrangement with a foreign state, making similar provision to that made by this section and sections 302, 646A and 681A of ITEPA 2003 in the case of Her Majesty's consular officers or employees in that state.
772	Further provisions about Orders under section 771
	(1) An Order in Council under section 771 may limit the operation of that section in relation to a state in any way appearing to Her Majesty appropriate having regard to the reciprocal arrangement with the state.
	(2) An Order under that section may be made so as to have effect from a date earlier than that on which it is made, but not earlier than the reciprocal arrangement in question comes into force.
	(3) An Order under that section may contain such transitional provisions as appear to Her Majesty appropriate.
	(4) A statutory instrument containing an Order under that section is subject to annulment in pursuance of a resolution of the House of Commons.
	Income of non-UK residents from certain securities
773	Income from Inter-American Development Bank securities
	(1) No liability to income tax arises for a non-UK resident in respect of income from a security issued by the Inter-American Development Bank if the liability only arises because one or more of circumstances A to C apply.
	(2) Circumstance A is that the security is issued in the United Kingdom or in sterling.
	(3) Circumstance B is that the income is made payable or paid in the United Kingdom or in sterling.
	(4) Circumstance C is that the Bank maintains an office or other place of business in the United Kingdom.
774	Income from securities issued by designated international organisations
	(1) No liability to income tax arises for a non-UK resident in respect of income from a security issued by an organisation if-
	(a) the organisation has been designated by the Treasury for the purposes of this section, and
	(b) the liability only arises because one or more of circumstances A to C apply.
	(2) Circumstance A is that the security is issued in the United Kingdom or in sterling.
	(3) Circumstance B is that the income is made payable or paid in the United Kingdom or in sterling.
	(4) Circumstance C is that the organisation maintains an office or other place of business in the United Kingdom.
	(5) The Treasury may by order designate for the purposes of this section-
	(a) any of the Communities,
	(b) the European Investment Bank,
	(c) any international organisation that meets conditions A and B.
	(6) Condition A is that one of its members is the United Kingdom or any of the Communities.
	(7) Condition B is that the agreement under which that member became a member provides for the same kind of exemption from tax for income from securities issued by the organisation as this section provides.
	Other
775	Income towards reducing the national debt
	(1) This section applies if property is held on trust in accordance with directions which are valid and effective under section 9 of the Superannuation and other Trust Funds (Validation) Act 1927 (c. 41) (validation of trust funds for the reduction of the national debt).
	(2) No liability to income tax arises in respect of any of the following-
	(a) income arising from the property,
	(b) income arising from the accumulation of that income, and
	(c) profits of any description otherwise accruing to the property and liable to be accumulated under the trust.
776	Scholarship income
	(1) No liability to income tax arises in respect of income from a scholarship held by an individual in full-time education at a university, college, school or other educational establishment.
	(2) This exemption is subject to section 215 of ITEPA 2003 (under which only the scholarship holder is entitled to the exemption if the scholarship is provided by reason of another person's employment).
	(3) In this section "scholarship" includes a bursary, exhibition or other similar educational endowment.
777	VAT repayment supplements
	No liability to income tax arises in respect of a sum paid by way of supplement under section 79 of VATA 1994 (VAT repayment supplements).
778	Incentives to use electronic communications
	No liability to income tax arises in respect of anything received by way of incentive under any regulations made in accordance with Schedule 38 to FA 2000 (regulations for providing incentives for electronic communications).
779	Gains on commodity and financial futures
	(1) No liability to income tax arises as a result of Chapter 8 of Part 5 (income not otherwise charged) in respect of a gain arising to a person in the course of dealing in-
	(a) commodity or financial futures,
	(b) traded options, or
	(c) financial options.
	(2) The reference in subsection (1) to a gain arising in the course of dealing in commodity or financial futures includes a gain regarded as so arising under section 143(3) of TCGA 1992 (gains arising from transactions otherwise than in the course of dealing on a recognised futures exchange, involving authorised persons).
	(3) In this section-
	"commodity or financial futures" means commodity futures or financial futures that are for the time being dealt in on a recognised futures exchange,
	"financial option" has the meaning given by section 144(8)(c) of TCGA 1992, and
	"traded option" has the meaning given by section 144(8)(b) of that Act.
780	Disabled person's vehicle maintenance grant
	(1) No liability to income tax arises in respect of a disabled person's vehicle maintenance grant.
	(2) For this purpose a "disabled person's vehicle maintenance grant" means a grant to any person owning a vehicle that is made under-
	(a) paragraph 2 of Schedule 2 to the National Health Service Act 1977 (c. 49),
	(b) section 46(3) of the National Health Service (Scotland) Act 1978 (c. 29), or
	(c) Article 30 of the Health and Personal Social Services (Northern Ireland) Order 1972 (S.I. 1972/1265 (N.I. 14)).
781	Payments under New Deal 50plus
	(1) No liability to income tax arises in respect of a payment that is made-
	(a) by way of training grant under the "New Deal 50plus" scheme, and
	(b) to a person as a participant in that scheme.
	(2) For this purpose the "New Deal 50plus" scheme means -
	(a) the scheme under section 2(2) of the Employment and Training Act 1973 (c. 50) known as "New Deal 50plus", or
	(b) the corresponding scheme under section 1 of the Employment and Training Act (Northern Ireland) 1950 (c. 29 (N.I.)).
782	Payments under employment zone programme
	(1) No liability to income tax arises in respect of a payment that is made to a person as a participant in an employment zone programme.
	(2) For this purpose an "employment zone programme" means an employment zone programme established for an area or areas designated under section 60 of the Welfare Reform and Pensions Act 1999 (c. 30).



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Prepared 29 March 2005


Copyright © 1993-2012. All rights reserved. The logo and the Coddan company brand are registered trademarks of Coddan CPM Ltd. Coddan CPM Ltd is a private limited company registered in England, whose registered number is 05370296, and whose registered office address is 124 Baker street, London W1U 6TY, VAT registered number is 864 142 527. Coddan CPM Ltd is committed to respecting the data which we hold on you. Your details are processed and kept securely in accordance with the Data Protection Act 1998, DTA registration number is PZ9265799. The content of this site is protected under applicable copyright and trademark laws. Personal use of material is permitted for research and/or information purposes only. Limited company formation and small business start-up advice - we are offering companies registrations in England, Wales, Scotland, Northern Ireland, Republic of Ireland, USA and offshore jurisdictions. Our simple and cost-effective business starting-up service has various packages available to suit all needs. Expert advice and cost efficient business registration services to assist companies with their statutory obligations, including business administration, bookkeeping, accounting and annual accounting and annual return preparation. We can also help you to introduce and arrange a business bank account in the United Kingdom, Republic of Ireland, Cyprus, Gibraltar and in many other offshore countries. All content within this site, including, but not limited to text, software, graphics, logos, icons and images are the property of the Coddan CPM Ltd. Except as provided herein, no portion of the materials on these pages may be reprinted or republished in any form without the express written permission of Coddan CPM Ltd. Permission is granted to print copies of informational articles for your own use and review, provided that source attributions and copyright notices are maintained. All of the information contained on this web site is not meant to be advice, nor should it be followed. The information on this site pertains to UK law only and is offered as a public service. It is not intended to give legal advice about a specific legal problem, nor does it create an attorney-client relationship. Due to the importance of the individual facts of every case, the generalizations we make may not necessarily be applicable to any particular case. Changes in the law could at any time make parts of this web site obsolete. Coddan does not represent nor warrant the accuracy of any of the information contained herein, nor should it be relied upon. Due to the introduction of the Anti Money Laundering Regulations 2007 it is now a legal requirement that all trusts and company service providers are MLR registered. Coddan CPM Limited has been granted an MLR Registration Number 12298927. This means that we have passed the fit and proper test and successfully applied for and received confirmation from HM Customs and Excise. Please be aware that any formation agent operating without being MLR registered is not complying with the Law. We would strongly advise you to ask for an MLR number prior to processing a formation through any agent. In the event of Companies House rejecting an application or submission you will have three days to re-submit the application with appropriate corrections at no extra charge. We reserve the right to cancel the contract between us if one or more of the goods or services that you ordered were listed at an incorrect price due to a typographical error or an error in the pricing information received by us from our supplier. If we do cancel your order for this reason, we will notify you by email and will credit your account with any sum deducted by us from your credit card as soon as possible but in any event within 30 days of your order. We will not be obliged to offer any additional compensation for disappointment suffered. Products are delivered using Royal Mail recorded delivery post, or e-mail (as appropriate), unless otherwise stated. Where you request an alternative method of delivery, you must meet those costs. Services are provided using reasonable skill and care. Products and services will be provided in accordance with the timescales set out in the Consumer Protection (Distance Selling) Regulations 2000 unless otherwise agreed with you. Website Last Updated: 5/21/2012