HMRC’s pension schemes newsletter 139 brings together the latest updates for administrators and trustees, including the following:
Annual return of information for 2021/22: a reminder of the 5 July 2022 for submitting annual returns.
Digitisation of relief at source (RAS): by April 2025, a fully digital service will replace the current RAS paper service. HMRC is working with pensions industry representatives to ‘co-design’ the new service.
Accounting for Tax (AFT) returns: returns for the quarter 1 April to 31 June 2022 must be submitted on the Managing Pension Schemes (MPS) service by the 14 August 2022 filing deadline, to avoid interest and penalties. This also means that schemes must first have been migrated to the MPS.
HMRC’s pension schemes newsletter 139 brings together the latest updates for administrators and trustees, including the following:
Annual return of information for 2021/22: a reminder of the 5 July 2022 for submitting annual returns.
Digitisation of relief at source (RAS): by April 2025, a fully digital service will replace the current RAS paper service. HMRC is working with pensions industry representatives to ‘co-design’ the new service.
Accounting for Tax (AFT) returns: returns for the quarter 1 April to 31 June 2022 must be submitted on the Managing Pension Schemes (MPS) service by the 14 August 2022 filing deadline, to avoid interest and penalties. This also means that schemes must first have been migrated to the MPS.
