CTM08349 - Corporation Tax: management expenses: pension contributions: payment by third parties

FA04/S196 to 199 only apply to payments made by employers and former employers (including sponsoring employers of the scheme).

It would be rare for a company to make a contribution, 바카라 사이트˜other than as employer바카라 사이트™, which does not fall with FA04/S196 to199, but there are three main situations:

  • Contributions required by the Pensions Regulator
  • Contributions under guarantee arrangements
  • Voluntary contributions

In such cases, the payment should be considered on first principles (is it in fact an expense of managing the company바카라 사이트™s investment business since it is not deemed to be so by FA04/S196(3)) to establish whether it qualifies for relief under CTA09/S1219. The timing rules of CTA09/S1224 (CTM08560) will apply in the absence of any other specific timing rule. Also, as it is not a payment within FA04/S196 to S199 then if it is capital in nature it will not be an expense of management.