C1C2C3C4C5C6C7C8C9C10C11C12C13Part 4Pension schemes etc

Annotations:
Modifications etc. (not altering text)
C7

Pt. 4 modified (1.7.2008) (N.I.) (with effect in accordance with reg. 1 of the amending Rule) by The Health and Social Care (Pension Scheme) Regulations (Northern Ireland) 2008 (S.R. 2008/256), regs. 1, 124(1) (with regs. 134, 258)

C9

Pt. 4 applied (21.7.2009) by Finance Act 2009 (c. 10), Sch. 35 para. 18

C10

Pt. 4 modified (19.7.2011) by Finance Act 2011 (c. 11), Sch. 18 para. 14(3)

C11

Pt. 4 applied (with modifications) (with application in accordance with Sch. 22 para. 1 of the amending Act) by Finance Act 2013 (c. 29), Sch. 22 para. 1(2)

C12

Pt. 4 modified (17.7.2014) by Finance Act 2014 (c. 26), Sch. 6 para. 1(2)(3)

C13

Pt. 4: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)

Chapter 7Compliance

Information

I1251Information: general requirements

1

The Board of Inland Revenue may by regulations make provision requiring persons of a prescribed description—

a

to provide to the Inland Revenue, in a form specified by the Board of Inland Revenue, information of a prescribed description relating to any of the matters mentioned in subsection (2), and

b

to preserve for a prescribed period any documents relating to such information.

2

Those matters are—

a

any matter relating to a registered pension scheme,

b

any matter relating to a pension scheme which has ceased to be a registered pension scheme,

c

any matter relating to a pension scheme in relation to which an application for registration has been made,

d

any matter relating to an annuity purchased with sums or assets held for the purposes of a registered pension scheme,

e

the coming into operation of an employer-financed retirement benefits scheme, and

f

the provision of relevant benefits under an employer-financed retirement benefits scheme.

3

In subsection (2)—

  • “employer-financed retirement benefits scheme”, and

  • “relevant benefits”,

  • have the same meaning as in Chapter 2 of Part 6 of ITEPA 2003 (see sections 393A and 393B of that Act).

4

The Board of Inland Revenue may by regulations make provision—

a

requiring scheme administrators of registered pension schemes or other persons of a prescribed description to provide information of a prescribed description to persons of such of the descriptions mentioned in subsection (5) as are prescribed F1or to the scheme administrators of other registered pension schemes, F3...

b

requiring persons of such of the descriptions specified in subsection (5) as are prescribed to provide information of a prescribed description to the scheme administrators of registered pension schemes,

F4c

requiring scheme administrators of registered pension schemes to provide information of a prescribed description to scheme managers of qualifying recognised overseas pension schemes, or

d

requiring members or former members of a relevant non-UK pension scheme to provide information to the scheme administrators, or scheme managers, of registered pension schemes or other relevant non-UK pension schemes.

5

Those persons are—

a

members of a registered pension scheme,

F2aa

employers of members of a registered pension scheme,

b

persons who have ceased to be members of a registered pension scheme,

c

persons to whom benefits under a registered pension scheme are being, or have been, provided,

d

the personal representatives of any person within paragraphs (a) to (c), and

e

insurance companies who pay annuities purchased with sums or assets held for the purposes of registered pension schemes.

6

“Prescribed”, in relation to regulations, means prescribed by the regulationsF5; and “relevant non-UK scheme” has the meaning given by paragraph 1 of Schedule 34.