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David Heaton of Baker Tilly's Leeds office looks at a welcome HMRC U-turn on a payroll reporting problem for contracted-out employers

 
David Heaton of Baker Tilly's Leeds office looks at a welcome HMRC U-turn on a payroll reporting problem for contracted-out employers
 
Contracted-out occupational pensions are a source of complexity with roots in the early days of state pension provision although the complexity has grown with various policy changes over the last 20 years. The latest minor twist in the story is a full-blown U-turn brought about it seems by a simple lack of forethought.
Contracting out
 
When an employer sets up an occupational scheme and elects to contract out it is entitled to...

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