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Income tax self assessment and pension schemes: regulations

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The Finance Act 2009, Sections 101 to 103 (Income Tax Self Assessment) (Appointed Days and Transitional and Consequential Provisions) Order, SI 2011/701, and The Finance Act 2009, Schedules 55 and 56 (Income Tax Self Assessment and Pension Schemes) (Appointed Days and Consequential and Savings Provisions) Order, SI 2011/702, bring the new harmonised interest regime and the new penalty regimes for late filing of returns and late payment of tax (introduced by FA 2009 ss 101-103 and Schs 55 & 56) into force in relation to payments due to be made to or by HMRC and returns due to be made to HMRC in connection with Income Tax Self Assessment.

They also bring the late filing penalty regime into effect for pension scheme returns.

The Finance (No. 3) Act 2010, Schedules 10 and 11 (Income Tax Self Assessment and Pension Schemes) (Appointed Days) Order, SI 2011/703, appoints 6 April 2011 as the day on which F(No. 3)A 2010 Sch 10 paras 1, 4 and 10 come into force for the purposes of income tax self assessment returns, and appoints 1 April 2011 as the day on which those paragraphs come into force for the purposes of pension scheme returns.

It also appoints 6 April 2011 as the day on which F(No. 3)A 2010 Sch 11 paras 1 and 9 come into force in respect of the amounts of tax falling within the income tax self assessment regime.

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