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Legislation
Finance Act 2004

Crossheading Employer-financed retirement benefit schemes

  • Section 245 Restriction of deduction for contributions by employer
  • Section 246 Restriction of deduction for non-contributory provision
  • Section 246A Case where no relief for provision by an employer
  • Section 247 Abolition of income tax charge in respect of employer payments
  • Section 248 Employer’s cost of insuring against non-payment of benefit
  • Section 249 Taxation of non-pension benefits
  1. Employer-financed retirement benefit schemes
  2. Abolition of income tax charge in respect of employer payments

Section 247 | Abolition of income tax charge in respect of employer payments

From legislation.gov.uk

In Part 6 of ITEPA 2003, omit Chapter 1 (payments by employer for the provision of benefits for an employee under certain schemes to count as employment income of employee).

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