SCHEDULES
SCHEDULE 2Transitionals and savings
Part 21Other provisions
Unpaid remuneration
140
1
This paragraph applies for the purposes of—
a
section 1288 of this Act (unpaid remuneration), and
b
section 76ZL of ICTA (corresponding provision for companies carrying on life assurance business).
2
In relation to a period of account ending before 27 November 2002, an amount charged in the accounts in respect of employees' remuneration includes an amount which is held by an intermediary with a view to its becoming employees' remuneration.
3
In relation to a period of account ending on or after 27 November 2002, an amount charged in the accounts in respect of employees' remuneration includes an amount—
a
in respect of employee benefit contributions (within the meaning of sections 1290 to 1296) made before that date, and
b
which is held by an intermediary,
with a view to its becoming employees' remuneration.