# Finance Act 2004, Paragraph 47


Section 207 (authorised surplus payments charge) does not apply to any payment made in pursuance of the winding-up of a pension scheme if the winding-up commenced before 19th March 1986.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/47 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-36/paragraph-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.