[UK] Pension Schemes Newsletter 121 June 2020

On the 25^th of June 2020, HMRC published the Pension Schemes Newsletter, issue 121.  This has the following articles:

Temporary changes to pension processes as a result of coronavirus (COVID-19) 

There are a number of sub-headings here namely:

• Re-employment in response to the coronavirus outbreak and the protected pension age easement
• Relief at source and suspension of the process for applying for a National Insurance number
• APSS106 relief at source repayment claims and how HMRC will temporarily accept scanned repayment claims
• APSS590 relief at source declaration again how HMRC will accept scanned declarations
• Accounting for Tax (AFT) return submission and payment delays saying that if there is a delay and it is because of coronavirus then administrators can email and get penalties cancelled
• Extension to the temporary changes to pension processes as a result of coronavirus, referring to temporary changes announced in previous newsletters

Managing pension schemes service

This includes delays to the AFT service for submissions 1st of April to the 30th of June 2020 and how scheme administrators registered on the managing pension schemes service should check their correspondence address and update it if necessary. 

Real time information - cessation of Earlier Year Updates and use of Full Payment Submissions 

Advice that from April 2021 the Earlier Year Update (EYU) will no longer be a valid submission to make amendments to the tax year ending 5 April 2021.  Instead, the Full Payment Submission (FPS) should be used.

Global Payroll Association Comment

 For administrators with an involvement in pensions, we recommend reading this monthly newsletter.

On the 25^th of June 2020, HMRC published the Pension Schemes Newsletter, issue 121.  This has the following articles:

Temporary changes to pension processes as a result of coronavirus (COVID-19) 

There are a number of sub-headings here namely:

• Re-employment in response to the coronavirus outbreak and the protected pension age easement
• Relief at source and suspension of the process for applying for a National Insurance number
• APSS106 relief at source repayment claims and how HMRC will temporarily accept scanned repayment claims
• APSS590 relief at source declaration again how HMRC will accept scanned declarations
• Accounting for Tax (AFT) return submission and payment delays saying that if there is a delay and it is because of coronavirus then administrators can email and get penalties cancelled
• Extension to the temporary changes to pension processes as a result of coronavirus, referring to temporary changes announced in previous newsletters

Managing pension schemes service

This includes delays to the AFT service for submissions 1st of April to the 30th of June 2020 and how scheme administrators registered on the managing pension schemes service should check their correspondence address and update it if necessary. 

Real time information - cessation of Earlier Year Updates and use of Full Payment Submissions 

Advice that from April 2021 the Earlier Year Update (EYU) will no longer be a valid submission to make amendments to the tax year ending 5 April 2021.  Instead, the Full Payment Submission (FPS) should be used.

Global Payroll Association Comment

 For administrators with an involvement in pensions, we recommend reading this monthly newsletter.