Commentary

B2.457 Pensions etc payments—case law

Business tax
Business tax | Commentary

B2.457 Pensions etc payments—case law

Business tax | Commentary

B2.457 Pensions etc payments—case law

Tax relief on an employer's contributions to a registered pension scheme is given in accordance with the normal tax rules for the deductibility of the expenses of a trade, subject to two main exceptions. Contributions are treated as not being capital payments if they otherwise would be1, and the timing of the deduction for a contribution does not follow the accounting treatment. Relief for a contribution is given for the accounting period in which it is paid and not in the period in which it is recognised in the accounts. This is subject to spreading

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial