782 Charge to tax: repayments to employer

This section provides for a charge to tax on refunds made to an employer from funds which are, or at any time were, held for the purposes of an exempt approved scheme. The charge is made either by treating the payment as a receipt of the employer’s trade or profession or, if no trade or profession is involved, by assessment under Case IV of Schedule D. In the latter case, the charge is limited to the extent to which the employer could have obtained relief originally.

Relevant Date: Finance Act 2021