Pensions tax settlement more likely following ruling on ‘IOUs’ (Mattioli Woods v HMRC)

Table of contents

• Pensions tax settlement more likely following ruling on ‘IOUs’
• Case details

Article summary

Pensions analysis: A contractually agreed commitment to pay pension contributions into a registered pension scheme at a later date is an arrangement that does not qualify for tax relief, the first-tier tax tribunal (FTT) has said in Mattioli Woods v Commissioners for HMRC. Steven Porter, partner and head of tax disputes and investigations at Pinsent Masons, examines the ruling’s effect on pensions tax settlements.