Judge intervenes to end HMRC v QROPS trustee battle

Equity Trust is the trustee of daughter company Panthera's Singapore Recognised Overseas Self Invested International Pension (ROSIIP), which is a type of QROPS. The trustee took HMRC to the High Court on Tuesday 22 March to contest the Revenue's removal of the ROSIIP from its list of recognised schemes. HMRC removed the ROSIIP in 2008, arguing the scheme does not meet condition A of its requirements. Condition B says the scheme must be approved or recognised by, or registered with, the relevant tax authorities in the territory in which it is established. The judge ordered HMRC t...