A draft Annual Allowance Charge (Amendment) Order 2013, set to come into force on 6 April 2013, makes a number of changes intended to ‘help ensure that the annual allowance rules work as intended’.
‘These changes include a reduction to burdens on scheme administrators by extending the circumstances when the deferred carve out applies, and may restrict reductions to the amount in certain situations,’ HMRC said.
A draft Annual Allowance Charge (Amendment) Order 2013, set to come into force on 6 April 2013, makes a number of changes intended to ‘help ensure that the annual allowance rules work as intended’.
‘These changes include a reduction to burdens on scheme administrators by extending the circumstances when the deferred carve out applies, and may restrict reductions to the amount in certain situations,’ HMRC said.
