John Clark

Decision released 30 August 2007

National insurance contributions – Class 1 – Whether payments to unapproved retirement benefits schemes were ‘earnings’ – Whether disregard provisions applicable – Basis for calculation of liability


Payments to a funded unapproved retirement benefits scheme (FURBS) and to an unapproved life assurance scheme (ULAS) in respect of an employee (B) were earnings within s. 6(1) of the Social Security Contributions and Benefits Act 1992, and the amount of those earnings was to be calculated by reference to the contributions made by the taxpayer company (T) to those schemes in respect of B.


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