Explanatory Note
(This note is not part of the Regulations)
These Regulations set out the prescribed information that must be supplied to the Inland Revenue by those persons responsible for administering employer-financed retirement benefits schemes.
Regulation 1 provides for citation and commencement and Regulation 2 provides for interpretation
Regulation 3 prescribes the person who must supply information to the Inland Revenue
Regulation 4 prescribes the information that must be supplied in relation to the coming into operation of a scheme.
Regulation 5 prescribes the information that must be supplied in relation to the provision of relevant benefits.
A regulatory impact assessment in respect of the provisions of Part 4 of the Finance Act 2004, and subordinate legislation under it, was published by the Board of Inland Revenue on 8 April 2004, and is available on the website of Her Majesty’s Revenue and Customs at www.hmrc.gov.uk/ria/simplifying-pensions.pdf or obtained by writing to The Ministerial Correspondence Unit, 1st Floor, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.