HMRC’s Pension Schemes Services publishes a newsletter to update stakeholders on the latest news for pension schemes. The May 2019 newsletter has the following articles:
- Relief at source annual returns information, specifically that from the 6th of April 2019 HMRC will only accept relief at source annual returns of information for any tax year that are sent using the Secure Data Exchange Service (SDES)
- A reminder about the Registered Pension Schemes (Relief at Source)(Amendment) Regulations 2018which introduced a 90 day deadline for scheme administrators to give HMRC information about excess relief claimed and repay the excess relief to HMRC. Note that the transitional arrangements that have been in place end on the 5th of July 2019
- Links to the latest versions of the spreadsheet and electronic flat text file specifications for making the annual return of pension information for 2018/19. As well as this, the May newsletter also links to the January 2019 newsletter that said for 18/19 and later years, the return must be accompanied by an iform declaration
- Information that the relief at source residency status look up service has been updated to include Welsh residency status
- A request for people to help improve the Managing the Pension Schemes Services by taking part on a research panel
As we always say when publicising these newsletters, for UK professionals with an involvement in pensions, the Global Payroll Association recommends this as essential reading.
HMRC’s Pension Schemes Services publishes a newsletter to update stakeholders on the latest news for pension schemes. The May 2019 newsletter has the following articles:
- Relief at source annual returns information, specifically that from the 6th of April 2019 HMRC will only accept relief at source annual returns of information for any tax year that are sent using the Secure Data Exchange Service (SDES)
- A reminder about the Registered Pension Schemes (Relief at Source)(Amendment) Regulations 2018which introduced a 90 day deadline for scheme administrators to give HMRC information about excess relief claimed and repay the excess relief to HMRC. Note that the transitional arrangements that have been in place end on the 5th of July 2019
- Links to the latest versions of the spreadsheet and electronic flat text file specifications for making the annual return of pension information for 2018/19. As well as this, the May newsletter also links to the January 2019 newsletter that said for 18/19 and later years, the return must be accompanied by an iform declaration
- Information that the relief at source residency status look up service has been updated to include Welsh residency status
- A request for people to help improve the Managing the Pension Schemes Services by taking part on a research panel
As we always say when publicising these newsletters, for UK professionals with an involvement in pensions, the Global Payroll Association recommends this as essential reading.