PSI18.1.13 - Application for Approval and Information Provisions: Application for Approval - Time Limit for Applications


(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

[PN18.5]

Section 604(1) ICTA 88 requires an application to be made before the end of the first year of assessment for which approval is wanted. In view of the information requirements the Board accepts that some schemes may need further time to obtain the necessary details before making the application. The concessionary period is as follows:

Date Scheme Established

Date By Which Application Must Be Received By PSO
In the 6 months ending 5 Octoberby the following 5 April
In the month ending 5 Novemberby the following 5 May
In the month ending 5 Decemberby the following 5 June
In the month ending 5 Januaryby the following 5 July
In the month ending 5 Februaryby the following 5 August
In the month ending 5 Marchby the following 5 September
In the month ending 5 Aprilby the following 5 October

The "date scheme established" means the date on which there was first evidence of an intention to set up the scheme. Usually this will be the date of the declaration of trust notwithstanding any later commencement date referred to in the documents.


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