RPSM04104850 - Technical Pages: Taxation: Unauthorised payments: Scheme sanction charge: Payment

Payment of the scheme sanction charge

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An unauthorised payment should be reported to HMRC on the Event Report by 31 January following the tax year in which the payment is made.

When HMRC becomes aware that a scheme chargeable payment has been made HMRC will issue an assessment on the scheme administrator for the amount of scheme sanction charge due.

Glossary ( RPSM20000000)