SCHEDULES

SCHEDULE 2Transitionals and savings etc.

Part 12Other provisions

Employee benefit contributions: non-trades and non-property businesses

156

1

Subject to sub-paragraph (3), section 866 applies before 6th April 2006 with the following amendment.

2

In subsection (5)—

a

for paragraphs (b) and (c) and the word “or” at the end of paragraph (c) substitute—

b

contributions under a retirement benefits scheme within the meaning of Chapter 1 of Part 14 of ICTA (see section 611 of that Act),

c

contributions under a personal pension scheme approved under Chapter 4 of that Part (see section 630 of that Act), or

b

omit “For the purposes of paragraph (c)” to the end.

3

The power of the Treasury to make an order under section 281 or 283 of FA 2004 has effect as if Schedule 35 to that Act contained an amendment substituting section 866(5) of this Act for that subsection as amended by sub-paragraph (2) above.