246 Restriction of deduction for non-contributory provision
Finance Act 2004 (2004 c 12) | Legislation

246  Restriction of deduction for non-contributory provision

(1)     This section applies in relation to an employer's expenses of providing benefits to or in respect of present or former employees under an employer-financed retirement benefits scheme in a case where—

(a)     the expenses do not consist of the making of contributions under the scheme, but

(b)     in accordance with generally accepted accounting practice they are shown in the employer's accounts.

(2)     Unless the benefits are ones

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