Search Legislation

The Registered Pension Schemes (Relief at Source) (Amendment) Regulations 2018

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations make amendments to the Registered Pension Schemes (Relief at Source) Regulations 2005 (S.I. 2005/3448), which makes provision for relief from tax on payments made to scheme administrators of registered pension schemes under Part 4 of the Finance Act 2004 (c. 12).

Regulation 1 provides for the citation, commencement and effect of these Regulations.

Regulation 3 amends the provisions in respect of interim relief claims by reducing the period within which an interim relief claim may be made from six months to three months. It also prescribes that an interim claim cannot be made for the tax month ending 5th July or any subsequent month until all information requirements have been complied with for that tax month and year of assessment.

Regulation 3 also prescribes requirements for reporting and repaying excess relief claimed in interim claims. These requirements include notification within ninety days of the discovery of the excess relief error and the manner in which a schedule of excess relief claims must be made. It also provides for interest to be charged on any late repayment of excess relief from the date on which the excess relief was paid to the scheme administrator.

Regulation 4 inserts new regulation 15(A), which prescribes the requirements for submitting an annual return of information.

A Tax Information and Impact Note covering this instrument was published on 30 November 2017 and updated on 30 January 2018 following the consultation and is available on the HMRC website at https://www.gov.uk/government/publications/pensions-tax-changes-to-administration-of-relief-at-source.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources