In the Media

When tax is assessed on former pension scheme

PUBLISHED August 11, 2015

Where the Revenue gave notice of retrospective withdrawal of approval of a pension scheme under section 591B(1) of the Income and Corporation Taxes Act 1988, the 40 per cent charge to tax (under section 591C of the Act) fell to be assessed in the tax year which included the date from which the approval ceased to have effect, rather than in the tax year in which the notice was issued.

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