³ÉÈËÓ°Òô

Tax News

SI 2025/419 Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2025

Published on: 07 April 2025
Published by a

Specialist Tax Statutory Instruments

news-detailpage-img

Article summary

These Regulations are made to reduce the burdens on individuals and scheme administrators of public service pension schemes implementing the remedy to age discrimination that occurred when those pension schemes reformed their benefit structure. They prevent adverse tax consequences and broadly aims to put those individuals back in the position they would have been in if the discrimination had not occurred.

Jurisdiction(s): United Kingdom

Popular Articles

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

14 Jul 2020 12:14 | Produced by Tolley Read more Read more

Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more