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Pension Schemes Event Reports

Stephen Degnan consultant with Alec Ure & Associates takes a look at the new Event Report information requirements imposed on tax-registered pension schemes
We are now over half way through the first tax year of the new 'simplified' tax regime for registered (formerly approved) pension schemes. After 5 April 2007 all tax-registered pension schemes will be required for the first time to make a new report to HMRC if the scheme has undertaken any of a new and extensive range of 'reportable events' within the tax year just ended. (Schemes winding up during the current tax year are required to report that event and any other reportable events within three months of the date of wind-up.) Schemes should file their reports by 31 January 2008 at the latest. Nil reports are not required.

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