In its response to the Treasury consultation on the administration of pensions tax relief, the CIOT suggests that HMRC should pay a bonus equal to the basic rate of tax on contributions for lower-income individuals in net-pay schemes – thus addressing the inconsistency between schemes operating on a net-pay or relief-at-source basis.
In its response to the Treasury consultation on the administration of pensions tax relief, the CIOT suggests that HMRC should pay a bonus equal to the basic rate of tax on contributions for lower-income individuals in net-pay schemes – thus addressing the inconsistency between schemes operating on a net-pay or relief-at-source basis.
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