Employment Income Provided Through Third Parties (Excluded Relevant Steps) Regulations 2011 come into force

Implementation date: 6 December 2011

The Regulations prescribe that members of certain foreign pension schemes are not liable to tax on amounts counting as employment income under part 7A of the Income Tax (Earnings and Pensions) Act 2003 when their employer provides rewards, recognition or loans under the scheme in connection with the member’s employment. This applies to the extent that the member’s rights under the scheme are derived or arise from UK tax reliefs or exemptions in respect of provision made by his or her employer. The Regulations can be viewed on the UK legislation website.