SCHEDULES

SCHEDULE 24 U.K. Restriction of deductions for employee benefit contributions

Deductions to which Schedule does not apply U.K.

8 U.K. This Schedule does not apply to any deduction that is allowable—

(a) in respect of anything given as consideration for goods or services provided in the course of a trade or profession,

(b) in respect of contributions under a retirement benefits scheme within the meaning of Chapter 1 of Part 14 of the Taxes Act 1988 (see section 611 of that Act),

(c) in respect of contributions under a personal pension scheme approved under Chapter 4 of that Part (see section 630 of that Act),

(d) in respect of contributions under an accident benefit scheme,

(e) under Schedule 4AA to that Act (approved share incentive plans),

(f) under section 67 of the Finance Act 1989 (c. 26) (qualifying share ownership trusts), or

(g) under Schedule 23 to this Act (relief for employee share acquisition).