CS Ltd ceased business on 27 Sept 2008. In the chargeable period ending 30 June 2008 the company paid a large contribution to the company pension scheme which was spread
|£300,000||Period ending 30 June 2008|
|£300,000||Period ending 30 June 2009|
As CS Ltd ceased business in the period ending 30 June 2009 the company will receive full tax relief on the contribution. CS Ltd cannot use the cessation of business spreading rules.
JMG Ltd ceased business on 15 November 2008. In the period ending 30 September 2008 JMG Ltd paid pension contributions result in the tax relief being spread as follows
|£493,200||Period ending 30 September 2008|
|£493,200||Period ending 30 September 2009|
|£493,200||Period ending 30 September 2010|
As the company ceased business in the period ending 30 September 2009 it will not get full tax relief on the pension contribution unless it uses the cessation of business spreading rules. JMG Ltd can choose to
KB Ltd ceased business on 28 February 2007. In the company chargeable period ending 31 March 2007 KB Ltd paid a contribution that would have been spread over 3 years. So that the company can get full tax relief the whole contribution is treated as paid in the final chargeable period which is also the period in which the contribution was actually paid.
|Glossary ( RPSM20000000)|