HMRC clarification to double asset-backed contributions - Deloitte

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The use of asset-backed contributions to fund schemes will double over the next three years after HM Revenue and Customs clarified its stance on the arrangements, says Deloitte.

The firm said the practice was becoming more common with more than 20 asset-backed structures with an aggregate of value of £3bn reported since 2010. Legislation set out in the Finance Act 2012 ...

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