(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)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
[PN17.10(c)]
The exemption from tax for underwriting commissions given by
section 592(3) applies only where it would otherwise be chargeable
under Case VI of Schedule D, but such a situation is not common.
The Inspector decides about the basis of assessment. If you are
asked whether the commission would be assessable under Case I or
Case VI refer the enquirer to the Scheme District.
