HMRC has revised its draft guidance on the legislation in FA 2012 Sch 13, which denies upfront tax relief for employers who pay asset-backed (non-cash) contributions to their registered pension schemes. The guidance now includes section 3 on asset-backed arrangements already in existence at 29 November 2011 and transitional provisions, as well as further explanation of the link to legislation on structured finance arrangements.
HMRC has revised its draft guidance on the legislation in FA 2012 Sch 13, which denies upfront tax relief for employers who pay asset-backed (non-cash) contributions to their registered pension schemes. The guidance now includes section 3 on asset-backed arrangements already in existence at 29 November 2011 and transitional provisions, as well as further explanation of the link to legislation on structured finance arrangements.
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