Part 2 Transitional Provision Relating to Part 1
Finance Act 2012 (2012 c 14) | Legislation

Part 2 Transitional Provision Relating to Part 1

Application and interpretation

4

(1)     This Part of this Schedule applies if—

(a)     before 29 November 2011, an employer (“Eâ€) pays a contribution (“E's contributionâ€) under a registered pension scheme (“the relevant schemeâ€),

(b)     at any time, relief is given in respect of E's contribution,

(c)     if the reference in paragraph 3(2) above to 29 November 2011 were instead a reference to the date on which E's contribution is paid, E would have no entitlement to relief in respect of E's contribution by virtue of section 196B, 196C or 196D of FA 2004, and

(d)     the asset-backed arrangement is not completed before 29 November 2011.

(2)     For the purposes of sub-paragraph (1)(c) section 196F of FA 2004 is to be ignored.

5

For the purposes of this Part of this Schedule—

(a)     terms used in section 196B, 196C or 196D of FA 2004 (as the case may be) have the same meaning as in that section, and

(b)     as necessary, assume that section 196B, 196C or 196D of FA 2004 (as the case may be) has effect in relation to E's contribution.

6

(1)     This paragraph

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