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

Published on: 06 April 2022
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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

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