HM Revenue and Customers (HMRC) has delayed the requirement for online scheme reporting for six months after A-Day as the full service will not be completely operational until 2007.
In the latest Pensions Tax Simplification newsletter the HMRC states that while most scheme administrators will be able to carry out their legislative requirements online from A-Day, the exception will be for the small number of schemes that wind up and have to file a report within three months. The postponement of the online requirement aims to offer these schemes flexibility by allowing the filing of reports, returns and registrations of new schemes by paper for a period of at least six months after A-Day. The delay has been announced following a review of the progress being made on the...
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