Policy paper

Pensions Tax: changes to administration of Relief at Source

This tax information and impact note is about changes affecting pension scheme administrators that reclaim tax relief using the Relief at Source method.

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Details

The measure amends existing legislation by reducing the time period for the filing of interim claims. It introduces requirements for submitting an annual return of individual information. It also sets requirements for claiming excess relief in an interim claim and introduces an interest charge.

Published 30 November 2017
Last updated 30 January 2018 + show all updates
  1. Tax information and impact note updated following recent consultation responses on the draft legislation: The Registered Pension Schemes (Relief at Source)(Amendment) Regulations 2018.
  2. Measure amended to bring clarity regarding relief at source for Scottish Income Tax for high profile customers within the pensions industry.
  3. First published.