Section 36 | Statutory neonatal care pay

(1)ITEPA 2003 is amended as follows.

(2)In section 660 (taxable UK benefits)—

(a)in Table A in subsection (1), after the entry relating to statutory parental bereavement pay insert—

;

(b)in subsection (2), after the entry relating to statutory parental bereavement pay insert— .

(3)In paragraph 48 of Schedule 2 (notice of possible effect of deductions under SIP partnership share agreement on employee’s benefit entitlement), in sub-paragraph (2) after “statutory sick pay” insert “, statutory neonatal care pay”.

(4)In regulation 2 of the Employee Share Ownership Plans (Partnership Shares—Notice of Effects on Benefits, Statutory Sick Pay and Statutory Maternity Pay) Regulations 2000 (S.I. 2000/2090)—

(a)after “statutory maternity pay” (in the first place it appears) insert “, statutory neonatal care pay”;

(b)after “statutory sick pay” (in the second place it appears) insert “, statutory neonatal care pay”.

(5)Subsection (4) comes into force on 6 April 2025.