Version Superseded: 06/04/2006
Point in time view as at 03/08/2005.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 80 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
80(1)Amend section 607 (marine pilots: pilots' benefit fund) as follows.U.K.
(2)In subsection (2)(a) for “597 to 600” substitute “ 598 to 599A ”.
(3)In subsection (2)(b) for “under section 600” substitute “ in accordance with section 584 of ITEPA 2003 (unauthorised payments) ”.
(4)For subsection (3)(a) substitute—
“(a)in section 592—
(i)subsections (4) to (6) shall be omitted; and
(ii)for subsection (7) there shall be substituted—
“(7)Any contribution paid under the scheme by a member of the fund shall, in assessing tax under Schedule D, be allowed to be deducted as an expense.”;”.
(5)In subsection (3)(b) for “sections 597 to 606 (except sections 601 to 603)” substitute “ sections 598 to 599A and sections 604 to 606 ”.
(6)Omit subsection (3)(b)(iv) and the word “and” preceding it.
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