[Non-UK schemes: the overseas transfer chargeU.K.
244AOverseas transfer chargeU.K.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[244AAOverseas transfer charge: introductionU.K.
A charge to income tax, to be known as the overseas transfer charge, arises under the following sections—
(a) section 244AC (overseas transfer charge: transfers where no exclusion applies);
(b) section 244IA (overseas transfer charge: transfers exceeding available allowance).
244ABOverseas transfer charge: interpretationU.K.
(1)In this section and in sections 244AC to 244N—
“former QROPS” means a scheme that has at any time been a QROPS;
“onward transfer” means (subject to subsection (3)) a transfer of sums or assets held for the purposes of, or representing accrued rights under, an arrangement under a QROPS or a former QROPS in relation to a member so as to become held for the purposes of, or to represent rights under, an arrangement under another QROPS in relation to that person as a member of that other QROPS;
“original transfer”, in relation to an onward transfer, means (subject to subsection (3))—
(a)
the recognised transfer or relieved relevant non-UK scheme transfer in respect of which the following conditions are met—
(i)
it is from a registered pension scheme or a relieved relevant non-UK scheme to a QROPS,
(ii)
the sums and assets transferred by the onward transfer directly or indirectly derive from those transferred by it, and
(iii)
it is more recent than any other recognised transfer or relieved relevant non-UK scheme transfer in respect of which the conditions in sub-paragraphs (i) and (ii) are met, or
(b)
where there is no such recognised transfer or relieved relevant non-UK scheme transfer, the relevant transfer (see paragraph 1(6) of Schedule 34) in respect of which the following conditions are met—
(i)
it is from a relevant non-UK scheme (see paragraph 1(5) of Schedule 34),
(ii)
it is a transfer of the whole or part of the UK tax-relieved fund (see paragraph 3 of Schedule 34) of a member of the scheme,
(iii)
it is to a QROPS, and
(iv)
the sums and assets transferred by the onward transfer directly or indirectly derive from those transferred by it;
“QROPS” means a qualifying recognised overseas pension scheme;
“recognised transfer” has the meaning given by section 169;
“the relevant period” means—
(a)
in the case of a recognised transfer or a relieved relevant non-UK scheme transfer made on 6 April in any year, the five years beginning with the date of that transfer,
(b)
in the case of any other recognised transfer or relieved relevant non-UK scheme transfer, the period consisting of the combination of—
(i)
the period beginning with the date of the transfer and ending immediately before the next 6 April, and
(ii)
the five years beginning at the end of that initial period,
(c)
in the case of an onward transfer, the period—
(i)
beginning with the date of the transfer, and
(ii)
ending at the end of the relevant period for the original transfer (see paragraphs (a) and (b) or, as the case may be, paragraphs (d) and (e)),
(d)
in the case of a relevant transfer that—
(i)
is made on 6 April in any year, and
(ii)
is the original transfer for an onward transfer,
the five years beginning with the date of the relevant transfer, and
(e)
in the case of a relevant transfer that—
(i)
is made otherwise than on 6 April in any year, and
(ii)
is the original transfer for an onward transfer,
the period consisting of the combination of: the period beginning with the date of the relevant transfer and ending immediately before the next 6 April; and the five years beginning at the end of that initial period;
“relieved relevant non-UK scheme” means a pension scheme that is a relevant non-UK scheme within the meaning of sub-paragraph (5) of paragraph 1 of Schedule 34 in respect of which at least one of paragraphs (a) to (c) of that sub-paragraph applies;
“relieved relevant non-UK scheme transfer” means a transfer, other than a block transfer, of sums or assets held for the purposes of, or representing accrued rights under, an arrangement under a relieved relevant non-UK scheme in relation to a relieved member of the scheme so as to become held for the purposes of, or to represent rights under, an arrangement under a QROPS in relation to that person as a member of that QROPS;
“ring-fenced transfer fund”, in relation to a QROPS or former QROPS, has the meaning given by paragraph 1 of Schedule 34.
(2)For the purposes of the definition of “relieved relevant non-UK scheme transfer”—
(a)a transfer is “a block transfer” in relation to a member of a pension scheme if it involves the transfer, in a single transaction, of all the sums and assets held for the purposes of, or representing accrued rights under, the arrangements under the scheme which relate to the member and at least one other member of the scheme;
(b)an individual is “a relieved member” of a relieved relevant non-UK scheme if—
(i)any of the contributions in respect of which relief has been given as mentioned in paragraph (a) or (b) of the definition of “relevant non-UK scheme” in paragraph 1(5) of Schedule 34 were contributions paid by or on behalf of, or in respect of, the individual, or
(ii)the individual is the member, or one of the members, who has been exempt from liability to tax as mentioned in paragraph (c) of that definition.
(3)Where, apart from this subsection, there would be different original transfers for different parts of an onward transfer, each such part of the onward transfer is to be treated as a separate onward transfer for the purposes of this section and sections 244AC to 244N.
244ACOverseas transfer charge: transfers where no exclusion appliesU.K.
(1)The overseas transfer charge arises where—
(a)a transfer within subsection (2) is made to a QROPS, and
(b)the transfer is not excluded from the charge by or under any of sections 244B to 244H.
(2)A transfer to a QROPS is within this subsection if it is—
(a)a recognised transfer,
(b)a relieved relevant non-UK scheme transfer, or
(c)an onward transfer that is made during the relevant period for the original transfer.
(3)Sections 244B to 244H are subject to section 244I (circumstances in which exclusions do not apply).]
244BExclusion: member and receiving scheme in same countryU.K.
(1)A recognised transfer to a QROPS [or a relieved relevant non-UK scheme transfer] is excluded from the overseas transfer charge [under section 244AC] if during the relevant period—
(a)the member is resident in the country or territory in which the QROPS [to which the transfer is made] is established, and
(b)there is no onward transfer—
(i)for which the recognised transfer is the original transfer [or relieved relevant non-UK scheme transfer], and
(ii)which is not excluded from the charge.
(2)If the member is resident in that country or territory at the time of the transfer mentioned in subsection (1), it is to be assumed for the purposes of subsection (1) that the member will be resident in that country or territory during the relevant period; but if, at a time before the end of the relevant period, the transfer ceases to be excluded by subsection (1) otherwise than by reason of the member's death—
(a)that assumption is from that time no longer to be made, and
(b)the charge on the transfer is treated as charged at that time.
(3)An onward transfer to a QROPS (“transfer A”) is excluded from the overseas transfer charge [under section 244AC] if during so much of the relevant period as is after the time of transfer A—
(a)the member is resident in the country or territory in which the QROPS is established, and
(b)there is no subsequent onward transfer that—
(i)is of sums and assets which, in whole or part, directly or indirectly derive from those transferred by transfer A, and
(ii)is not excluded from the charge.
(4)If the member is resident in that country or territory at the time of transfer A, it is to be assumed for the purposes of subsection (3) that the member will be resident in that country or territory during so much of the relevant period as is after the time of transfer A; but if, at a time before the end of the relevant period, the transfer ceases to be excluded by subsection (3) otherwise than by reason of the member's death—
(a)that assumption is from that time no longer to be made, and
(b)the charge on transfer A is treated as charged at that time.
244CExclusion: [receiving scheme in EEA state [or Gibraltar], and member resident in UK or EEA state]U.K.
(1)This section applies to a transfer to a QROPS established in an EEA state [or Gibraltar].
(2)If the transfer is a recognised transfer [or a relieved relevant non-UK scheme transfer], the transfer is excluded from the overseas transfer charge [under section 244AC] if during the relevant period—
(a)the member is resident in [a relevant territory] (whether or not the [same relevant territory] throughout that period), and
(b)there is no onward transfer—
(i)for which the recognised transfer [or relieved relevant non-UK scheme transfer] is the original transfer, and
(ii)which is not excluded from the charge.
(3)If the member is resident in [a relevant territory] at the time of the recognised transfer [or relieved relevant non-UK scheme transfer] mentioned in subsection (2), it is to be assumed for the purposes of this section that the member will be resident in [a relevant territory] during the relevant period; but if, at a time before the end of the relevant period, the transfer ceases to be excluded by subsection (2) otherwise than by reason of the member's death—
(a)that assumption is from that time no longer to be made, and
(b)the charge on the transfer is treated as charged at that time.
(4)If the transfer is an onward transfer (“transfer B”), the transfer is excluded from the overseas transfer charge [under section 244AC] if during so much of the relevant period as is after the time of the onward transfer—
(a)the member is resident in [a relevant territory] (whether or not the [same relevant territory] at all those times), and
(b)there is no subsequent onward transfer that—
(i)is of sums and assets which, in whole or part, directly or indirectly derive from those transferred by transfer B, and
(ii)is not excluded from the charge.
(5)If the member is resident in [a relevant territory] at the time of transfer B, it is to be assumed for the purposes of subsection (4) that the member will be resident in [a relevant territory] during so much of the relevant period as is after the time of transfer B; but if, at a time before the end of the relevant period, the transfer ceases to be excluded by subsection (4) otherwise than by reason of the member's death—
(a)that assumption is from that time no longer to be made, and
(b)the charge on transfer B is treated as charged at that time.
[(6)In this section “relevant territory” means the United Kingdom or an EEA state.]
244DExclusion: receiving scheme is an occupational pension schemeU.K.
A transfer to a QROPS is excluded from the overseas transfer charge [under section 244AC] if—
(a)the QROPS is an occupational pension scheme, and
(b)when the transfer is made, the member is an employee of a sponsoring employer of the QROPS.
244EExclusion: receiving scheme set up by international organisationU.K.
(1)A transfer to a QROPS is excluded from the overseas transfer charge [under section 244AC] if—
(a)the QROPS is established by an international organisation and has effect so as to provide benefits for, or in respect of, past service as an employee of the organisation, and
(b)when the transfer is made, the member is an employee of the organisation.
(2)In this section “international organisation” means an organisation to which section 1 of the International Organisations Act 1968 applies by virtue of an Order in Council under subsection (1) of that section.
244FExclusion: receiving scheme is an overseas public service schemeU.K.
(1)A transfer to a QROPS is excluded from the overseas transfer charge [under section 244AC] if—
(a)the QROPS is an overseas public service pension scheme, and
(b)when the transfer is made, the member is an employee of an employer that participates in the scheme.
(2)A QROPS is an “overseas public service pension scheme” for the purposes of this section if—
(a)either—
(i)it is established by or under the law of the country or territory in which it is established, or
(ii)it is approved by the government of that country or territory, and
(b)it is established solely for the purpose of providing benefits to individuals for or in respect of services rendered to—
(i)that country or territory, or
(ii)any political subdivision or local authority of that country or territory.
(3)For the purposes of this section, an employer participates in a QROPS that is an overseas public service pension scheme if the scheme has effect so as to provide benefits to or in respect of any or all of the employees of the employer in respect of their employment by the employer.
244GExclusions: avoidance of double charge, and transitional protectionsU.K.
(1)A recognised transfer to a QROPS is excluded from the overseas transfer charge if it is made in execution of a request made before 9 March 2017.
(2)An onward transfer (“the current onward transfer”) is excluded from the overseas transfer charge [under section 244AC] if—
(a)the charge has been paid on the original transfer and the amount paid is not repayable, or
(b)the charge has been paid on an onward transfer (“the earlier onward transfer”) in respect of which the conditions in subsection (4) are met and the amount paid is not repayable, or
(c)the original transfer was made before 9 March 2017, or
(d)the original transfer was made on or after 9 March 2017 in execution of a request made before 9 March 2017.
(3)An onward transfer is excluded from the overseas transfer charge [under section 244AC] so far as the transfer is made otherwise than out of the member's ring-fenced transfer funds under the scheme from which the onward transfer is made.
(4)The conditions mentioned in subsection (2)(b) are—
(a)that the earlier onward transfer was made before the current onward transfer,
(b)that the earlier onward transfer was made after the original transfer, and
(c)that all the sums and assets transferred by the current onward transfer directly or indirectly derive from those transferred by the earlier onward transfer.
[(5)An onward transfer is excluded from the overseas transfer charge under section 244AC where—
(a)the overseas transfer charge under section 244IA(1) arose in relation to the original transfer, and
(b)none of the member’s overseas transfer allowance was available on the making of the original transfer.]
244HPower to provide for further exclusionsU.K.
The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision for a recognised transfer to a QROPS, [a relieved relevant non-UK scheme transfer or an onward transfer] to be excluded from the overseas transfer charge [under section 244AC] if the transfer is of a description specified in the regulations.
244ICircumstances in which exclusions do not applyU.K.
(1)Subsection (2) applies if a recognised transfer to a QROPS, [a relieved relevant non-UK scheme transfer or an onward transfer] would (but for this section) be excluded from the overseas transfer charge [under section 244AC] by any of sections 244B to 244F.
(2)The transfer is not excluded from the charge if the member has, in connection with the transfer, failed to comply with the relevant information regulation.
(3)In subsection (2) “the relevant information regulation” means whichever of the following is applicable—
(a)regulation 11BA of the Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567), or any regulation having effect in place of any of that regulation, as (in either case) from time to time amended, and
(b)regulation 3AE of the Pension Schemes (Information Requirements for Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006 (S.I. 2006/208), or any regulation having effect in place of any of that regulation, as (in either case) from time to time amended.
[244IAOverseas transfer charge: transfers exceeding available allowanceU.K.
(1)The overseas transfer charge arises where—
(a)a transfer to a QROPS is made that is—
(i)within section 244AC(2)(a) or (b), or
(ii)an onward transfer within section 244AC(2)(c) in relation to which the original transfer is a transfer within paragraph (b) of the definition of “original transfer” (see section 244AB(1)),
(b)the transfer is excluded from the charge under section 244AC by or under any of sections 244B to 244H, and
(c)the transferred value (determined in accordance with section 244K) exceeds the amount of the member’s overseas transfer allowance that is available on the making of the transfer.
(2)The overseas transfer charge also arises where—
(a)a transfer of the kind mentioned in subsection (1)(a) is made to a QROPS,
(b)a charge under section 244AC (“the original charge”) arises in relation to the transfer,
(c)a person liable to the original charge becomes entitled under section 244M to a repayment in respect of the original charge, and
(d)the transferred value (determined in accordance with section 244K) exceeds the amount of the member’s overseas transfer allowance that is available on the making of the transfer.
244IBMember’s overseas transfer allowanceU.K.
A member’s “overseas transfer allowance” is an amount equal to the member’s lump sum and death benefit allowance.
244ICAvailability of member’s overseas transfer allowanceU.K.
(1)This section is about the availability of a member’s overseas transfer allowance on the making of a transfer of the kind mentioned in section 244IA(1)(a) (“the current overseas transfer”).
(2)If no transfer of the kind mentioned in section 244IA(1)(a) has been made in relation to the member before the current overseas transfer, the whole of the member’s overseas transfer allowance is available.
(3)Otherwise, the amount of the member’s overseas transfer allowance that is available is—
(a)so much of that allowance as is left after deducting the previously-used amount, or
(b)if none is left after deducting that amount, nil.
(4)For this purpose “the previously-used amount” is the aggregate of the transferred value (determined in accordance with section 244K) of each transfer (if any) of the kind mentioned in section 244IA(1)(a) that has been made in relation to the member before the current overseas transfer.
(5)A reference in this section to a transfer of the kind mentioned in section 244IA(1)(a) is to a transfer made on or after 6 April 2024.]
[244IDInformation to be provided by relieved relevant non-UK scheme on block transferU.K.
(1)Subsection (2) applies where—
(a)a relieved relevant non-UK scheme (“the transferring scheme”) makes a transfer to a QROPS, and
(b)the transfer is a block transfer in relation to any member of the transferring scheme.
(2)The scheme manager of the transferring scheme must, before the end of the period of 91 days beginning with the day of the transfer, provide the scheme manager of the QROPS with a statement stating—
(a)that the transfer is a block transfer and, accordingly, that an onward transfer subsequently made by the QROPS of sums or assets derived from those transferred by the block transfer may give rise to an overseas transfer charge under section 244IA,
(b)the date of the transfer, and
(c)the transferred value of the transfer (determined in accordance with section 244K).
(3)Section 244AB(2)(a) (meaning of “block transfer”) applies for the purposes of this section.]
244JPersons liable to chargeU.K.
(1)In the case of a recognised transfer to a QROPS, the persons liable to the overseas transfer charge are—
(a)the scheme administrator of the registered pension scheme from which the transfer is made, and
(b)the member,
and their liability is joint and several.
[(1A)In the case of a relieved relevant non-UK scheme transfer, the member is liable to the overseas transfer charge.]
(2)In the case of an onward transfer, the persons liable to the overseas transfer charge are—
(a)the scheme manager of the QROPS, or former QROPS, from which the transfer is made, and
(b)the member,
and their liability is joint and several.
(3)Subsections (1) and (2) are subject to subsection (4), and subsections (2) and (4) are subject to subsection (5).
(4)If a [recognised transfer to a QROPS or an onward transfer] is one required by section 244B or 244C to be initially assumed to be excluded by that section but an event occurring before the end of the relevant period means that the [recognised transfer to a QROPS or an onward transfer] is not so excluded, the persons liable to the overseas transfer charge in the case of the [recognised transfer to a QROPS or an onward transfer] are—
(a)the scheme manager of any QROPS, or former QROPS, under which the member has, at the time of the event, ring-fenced transfer funds in which any of the sums and assets referred to in section 244K(6) in the case of the transfer are represented, and
(b)the member,
and their liability is joint and several.
(5)The scheme manager of a former QROPS is liable to the overseas transfer charge in the case of a transfer (“the transfer concerned”) only if the former QROPS—
(a)was a QROPS when a relevant inward transfer was made, and
(b)where a relevant inward transfer was made before 9 March 2017, was a QROPS at the start of 9 March 2017;
and here “relevant inward transfer” means a recognised or onwards transfer to the former QROPS (at a time when it was a QROPS) of sums and assets which, to any extent, are represented by sums or assets transferred by the transfer concerned.
(6)A person is liable to the overseas transfer charge whether or not—
(a)that person, and
(b)any other person who is liable to the charge,
are resident or domiciled in the United Kingdom.
[244JAAmount of chargeU.K.
(1)Where the overseas transfer charge arises under section 244AC in relation to a transfer, the charge is—
(a)in a case where the transfer is an onward transfer and the overseas transfer charge under section 244IA(1) arose in relation to the original transfer, 25% of so much of the transferred value of the original transfer as did not exceed the amount of the member’s overseas transfer allowance that was available on the making of the original transfer;
(b)in any other case, 25% of the transferred value.
(2)Where the overseas transfer charge arises under section 244IA in relation to a transfer, the charge is 25% of so much of the transferred value as exceeds the amount of the member’s overseas transfer allowance that is available on the making of the transfer.]
244K[Meaning of “transferred value”]U.K.
[(1A)The transferred value, in relation to a transfer within section 244AC(2), is to be determined in accordance with this section.]
(2)If the transfer is from a registered pension scheme established in the United Kingdom, the transferred value is the total of—
(a)the amount of any sums transferred, and
(b)the value of any assets transferred,
but this is subject to subsections [(6)] to (9).
(3)If the transfer is from a registered pension scheme established in a country or territory outside the United Kingdom, the transferred value is the total of—
(a)the amount of any sums transferred that are attributable to UK-relieved funds of the scheme, and
(b)the value of any assets transferred that are attributable to UK-relieved funds of the scheme,
but this is subject to subsections [(6)] to (9).
[(3A)If the transfer is a transfer from a relieved relevant non-UK scheme, the transferred value is the total of—
(a)the amount of any sums transferred that are attributable to the member’s UK tax-relieved fund (see paragraph 3 of Schedule 34), and
(b)the value of any assets transferred that are attributable to that fund,
but this is subject to subsections (6) to (9).]
(4)If the transfer is from a QROPS or former QROPS, the transferred value is the total of—
(a)the amount of any sums transferred that are attributable to the member's ring-fenced transfer funds under the scheme, and
(b)the value of any assets transferred that are attributable to the member's ring-fenced transfer funds under the scheme,
but this is subject to subsections [(6)] to (9).
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)If the transfer is one initially assumed to be excluded by section 244B or 244C but an event occurring before the end of the relevant period means that the transfer is not so excluded, the sums and assets mentioned in whichever of subsections (2) to (4) is applicable include only those that at the time of the event are represented in any of the member's ring-fenced transfer funds under any QROPS or former QROPS.
(7)If the operator pays [a charge under section 244AC or 244IA] on the transfer and does so—
(a)otherwise than by deduction from the transfer, and
(b)out of sums and assets held for the purposes of, or representing accrued rights under, the scheme from which the transfer is made,
the transferred value is the amount [specified in subsection (7A)].
[(7A)The amount mentioned in subsection (7) is the aggregate of—
(a)the chargeable portion,
(b)the gross-up amount, and
(c)the non-chargeable portion (if any).
(7B)In subsection (7A)—
“the chargeable portion” is—
(a)
in a case where the amount of the overseas transfer charge in relation to the transfer is to be determined under paragraph (a) of section 244JA(1), an amount equal to so much of the transferred value of the original transfer mentioned in that paragraph as did not exceed the amount of the member’s overseas transfer allowance that was available on the making of the original transfer;
(b)
in a case where the amount of the overseas transfer charge in relation to the transfer is to be determined under paragraph (b) of section 244JA(1), the amount given by subsections (2) to (6);
(c)
in a case where the amount of the overseas transfer charge in relation to the transfer is to be determined under section 244JA(2), so much of the amount given by subsections (2) to (6) as exceeds the amount of the member’s overseas transfer allowance that is available on the making of the transfer;
“the gross-up amount” is an amount equal to one third of the chargeable portion;
“the non-chargeable portion” is—
(a)
the amount given by subsections (2) to (6), less
(b)
the chargeable portion.]
(8)If the operator pays [a charge under section 244AC or 244IA] on the transfer and does so by deduction from the transfer, the transferred value is the amount given by subsections (2) to (6) before the deduction.
(9)If the member pays [a charge under section 244AC or 244IA] on the transfer, the transferred value is the amount given by subsections (2) to (6) without any deduction for the charge.
(10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(11)In this section—
244LAccounting for overseas transfer charge by scheme managersU.K.
(1)In this section “charge” means overseas transfer charge for which the scheme manager of a QROPS or former QROPS is liable.
(2)The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision for or in connection with—
(a)the payment of charge, including due dates for payment,
(b)the charging of interest on charge not paid on or before its due date,
(c)notification by the scheme manager of errors in information provided by the scheme manager to the Commissioners in connection with charge or the scheme manager's liability for overseas transfer charge,
(d)repayments to scheme managers under section 244M of amounts paid by way of charge, and
(e)the making of assessments, repayments or adjustments in cases where the correct amount of charge has not been paid by the due date for payment of the charge.
(3)The regulations may, in particular—
(a)modify the operation of any provision of the Tax Acts, or
(b)provide for the application of any provision of the Tax Acts (with or without modification).
244MRepayments of charge on subsequent excluding eventsU.K.
(1)This section applies if—
(a)[the overseas transfer charge under section 244AC] arose on a transfer at the time the transfer was made, and
(b)at a time during the relevant period for the transfer, circumstances arise such that, had those circumstances existed at the time the transfer was made, the transfer would at the time it was made have been excluded from the charge by sections 244B to 244F or under section 244H.
(2)Any amount paid in respect of charge on the transfer is to be repaid by the Commissioners for Her Majesty's Revenue and Customs so far as not already repaid.
(3)Subsection (2) does not give rise to entitlement to repayment of, or cancellation of liabilities to, interest or penalties in respect of late payment of charge on the transfer.
(4)Repayment under this section to the scheme administrator of a registered pension scheme, or the scheme manager of a QROPS or former QROPS, is conditional on prior compliance with any requirements to give information to the Commissioners, about the circumstances in which the right to the repayment arises, that are imposed on the prospective recipient under section 169 or 251 (but repayment is not conditional on compliance with any time limits so imposed for compliance with any such requirements).
(5)Repayment under this section is not a relievable pension contribution.
(6)Repayment under this section to the member is conditional on making a claim, and such a claim must be made no later than one year after the end of the relevant period for the transfer concerned.
(7)The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision for or in connection with claims or repayments under this section, including provision—
(a)requiring claims,
(b)about who may claim,
(c)imposing conditions for making claims, including conditions about time limits,
(d)as to additional circumstances in which repayments may be made,
(e)modifying the operation of any provision of the Tax Acts, or
(f)applying any provision of the Tax Acts (with or without modifications).
244NDischarge of liability of scheme administrator or managerU.K.
(1)In this section “operator” means—
(a)the scheme administrator of a registered pension scheme, or
(b)the scheme manager of a QROPS or former QROPS.
(2)If an operator is liable under section 244J, the operator may apply to an officer of Revenue and Customs for the discharge of the operator's liability on the following ground.
(3)The ground is that—
(a)the operator reasonably believed that there was no liability to the overseas transfer charge on the transfer concerned, and
(b)in all the circumstances of the case, it would not be just and reasonable for the operator to be liable to the charge on the transfer.
(4)On receiving an application under subsection (2), an officer of Revenue and Customs must decide whether to discharge the operator's liability.
(5)An officer of Revenue and Customs must notify the operator of the decision on the application.
(6)The discharge of the operator's liability does not affect the liability of any other person to overseas transfer charge on the transfer concerned.
(7)The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision supplementing this section, including provision for time limits for making an application under this section.]