Annual allowance charge: enhanced protectionU.K.
49(1)This paragraph applies if notice of intention to rely on paragraph 12 (enhanced protection) is given to the Inland Revenue in accordance with regulations under that paragraph in the case of an individual.U.K.
(2)Sections 227 to 238 (annual allowance charge) do not apply in relation to the individual for any tax year if that paragraph applies in relation to the individual throughout the tax year.
[F1(3)This paragraph does not apply for the purposes of the special annual allowance charge.]
Textual Amendments
F1Sch. 36 para. 49(3) inserted (21.7.2009) by Finance Act 2009 (c. 10), Sch. 35 para. 22