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HMRC internal manual

Corporate Intangibles Research and Development Manual

HM Revenue & Customs
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Core computational rules: deductible debits: general matters and adjustments for tax purposes: deferral of deduction: payment of pension contributions delayed


The general corporation tax code contains rules which defer tax relief for certain types of pension payment paid after the end of the period of account for which they are charged against profits in the accounts. Relief is instead given for the period of account in which payment is actually made. These general rules apply to expenditure within Part 8.

The rules in question relate to:

  • contributions to registered pension schemes (BIM46001),
  • expenditure on providing benefits under employer-financed retirement benefits schemes within FA04/S246 (3) (BIM46140) - see CIRD12630 for the disallowance of other payments within Section 246.

These situations may arise for example in connection with the provision of retirement benefits for company staff in a department responsible for the company’s intangible assets and the expenditure in question falls within CIRD12250 (on the maintenance or enhancement of intangible fixed assets).