Income Tax (Trading and Other Income) Act 2005 section 747

Power to amend sections 744 to 746

Section 747 gives the Treasury the power to amend the lists of exempt adoption-related payments in sections 744 to 746 by adding new types of payment or removing types of payment that are no longer available.

• The Treasury may amend sections 744, 745 or 746 by statutory order to keep the exemptions up to date.
• New descriptions of exempt payment can be added to reflect changes in adoption support legislation across England and Wales, Scotland, and Northern Ireland.
• Descriptions of payment can be removed where the legal power to make that type of payment has been repealed, revoked, or has otherwise ceased to exist.
• This ensures the tax exemptions for adopters remain aligned with the current framework of financial support available in each jurisdiction.