HMRC publishes surplus repayments order

Authorised surplus payment charge to be reduced from 35% to 25% from 6 April

Jasmine Urquhart
clock • 1 min read
HMRC has published its Order setting out the new 25% surplus repayment charge
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HMRC has published its Order setting out the new 25% surplus repayment charge

HM Revenue and Customs (HMRC) has published its order to reduce the amount of tax due on surplus repayments, due to come into force from 6 April.

The Authorised Surplus Payments Charge (Variation of Rate) Order 2024 set out the new authorised surplus payment charge at 25%, (previously 35%), following the chancellor's announcement in the Autu...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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