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The scheme submitted an s179 voluntary certificate – why is the asset/liability figure based on an MFR valuation?

April 26, 2017ASSET based Certificate figure liability mfr Scheme submitted valuation Voluntary

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The scheme submitted an s179 voluntary certificate – why is the asset/liability figure based on an MFR valuation?

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The PPF will only calculate a scheme’s 2007/08 levy with reference to its MFR valuation if a Section 179 valuation was not received before 5pm on 30 March 2007, or where a section 179 certificate did not meet legislative requirements or the Board’s rules.