Commons Sense

House of Commons · Written Ministerial Statement

Tax exemptions for sponsorship payments under Homes for Ukraine Scheme

31 March 2022 · Treasury

Proposed by Lucy Frazer Con South East Cambridgeshire

TaxationUkraine

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • Government addressing tax exemptions for sponsorship payments under the Homes for Ukraine Scheme
  • Legislation will be introduced in the Finance Bill 2022-23 to exempt Homes for Ukraine Sponsorship Payments from income and corporation tax
  • Relief on ATED and SDLT will also be provided for these sponsorship payments

Issue summary

The Government is addressing tax exemptions for sponsorship payments under the Homes for Ukraine Scheme.

Action requested

The Government intends to legislate within Finance Bill 2022-23 to exempt Homes for Ukraine Sponsorship Payments from income and corporation tax, disregard these payments for tax credits calculations, and provide relief on Annual Tax on Enveloped Dwellings (ATED) and Stamp Duty Land Tax (SDLT).

Key facts

  • The legislation will be retrospective with effect from the date the first payments to sponsors were made.
  • Payments under the Homes for Ukraine Scheme will not be chargeable to National Insurance contributions.
  • The ATED relief will be available from April 1, 2022, and SDLT relief from the date of this statement.
▸ Assessment & feedback
Summary accuracy