HMRC is consulting on two sets of draft regulations setting out the process and information requirements for claiming repayment of the overseas transfer charge on pensions.
the draft Pension Schemes (Information Requirements - Repayment of Overseas Transfer Charge) Regulations 2019 contain the process for claims where the charge was either paid in error, or the individual member’s circumstances changed; and
the draft Pension Schemes (Information Requirements - Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) (Amendment) Regulations 2018 align the existing information requirements to take account of the new repayment regulations.
The consultation closes on 7 December 2018 and both sets of regulations are intended to have effect from 24 April 2019. See bit.ly/2JXxHPw.
HMRC is consulting on two sets of draft regulations setting out the process and information requirements for claiming repayment of the overseas transfer charge on pensions.
the draft Pension Schemes (Information Requirements - Repayment of Overseas Transfer Charge) Regulations 2019 contain the process for claims where the charge was either paid in error, or the individual member’s circumstances changed; and
the draft Pension Schemes (Information Requirements - Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) (Amendment) Regulations 2018 align the existing information requirements to take account of the new repayment regulations.
The consultation closes on 7 December 2018 and both sets of regulations are intended to have effect from 24 April 2019. See bit.ly/2JXxHPw.
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