Order amends FA 2004 Part 4 annual allowance charge provisions
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.
Order amends FA 2004 Part 4 annual allowance charge provisions
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.
