PSI5.3.7 - Contributions by Employers: Special Contributions - Cessation of Trading

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

[PN5.7]

Special contributions which have not been fully allowed when trading ceases will need reallocation. It is a firm principle that a spread must not be imposed to deprive an employer of the allowances due to it in respect of the special contributions which it has paid. This does not mean that effective relief must be given for the whole payment; simply that it should be allocated to the period before cessation.

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