GUIDANCE ON THE MEANING AND IMPACT
OF PENSIONS LEGISLATION CHANGES
– click to see this month's example
For schemes in deficit following financial reconciliation, a letter showing the amount due will be sent to the address HMRC holds in relation to the scheme's day-to-day administration. These are expected to arrive during the week commencing 15 April 2019; HMRC wants payment by 21 May 2019 at the latest.
The Bulletin makes three further 'important points':
1) HMRC will not request payments by telephone or email.
2) HMRC will write off the debt
3) For schemes that have more than £1,000 deficit, HMRC will write off debt that was raised before 18 March 2013, that is 6 years prior to the scheme financial reconciliation run date.
Letters to schemes in surplus that have previously contacted HMRC . . .
15 Feb 2019 Check other news items
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