2018 No. 372
Income Tax
The Relevant Overseas Schemes (Transfer of Sums and Assets) Regulations 2018
Made 14th March 2018
Laid before the House of Commons 15th March 2018
Coming into force 6th April 2018

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 169(7A) and (7D) of, and paragraph 2(4)(h) of Schedule 28 to, the Finance Act 2004 and now exercisable by them.
2004 c. 12. Section 169(7A) and (7D) were inserted by paragraph 13(7) of Schedule 4 to the Finance Act 2017 (c. 10) and has effect in relation to transfers made on or after 9th March 2017. Section 169(7A) defines “original pension” and “new pension”. Section 169(7B) defines “relevant overseas transfer”.
The functions of the Commissioners for Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(1) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of that Act provides that insofar as it is appropriate in consequence of section 5, a reference in an enactment, however expressed, to the Commissioners of Inland Revenue is to be treated as a reference to the Commissioners for Her Majesty’s Revenue and Customs.