FA03/SCH24 applies to deductions which would otherwise be
allowed in computing an employer’s taxable profits for a
period ending on or after 27 November 2002, in respect of
‘employee benefit contributions’ made by employers on
or after 27 November 2002.
’Employee benefit contributions’ are defined
widely as payments by an employer to a third party who is required
or entitled to use them to provide benefits to employees under a
trust, scheme or other arrangement.
Although this guidance is written in terms of contributions
to Employee Benefit Trusts (EBTs) it also applies to
employers’ payments to other kinds of intermediaries who may
be required, or may have discretion, to use them to provide
benefits to employees of the employer.
