Corporation Tax Act 2009 section 141

Employee benefit contributions

Section 141 provides a transitional rule that exempts certain older employee benefit contributions from the restriction on tax deductions introduced by section 1290.

• Section 1290 restricts deductions for employee benefit contributions unless certain conditions are met
• This restriction does not apply to deductions for accounting periods ending before 27 November 2002
• The restriction also does not apply to employee benefit contributions actually made before 27 November 2002
• This effectively grandfathers pre-existing arrangements so that earlier contributions are not caught by the later rules