PSI19.1.12 - Withdrawal of Approval: General - Date Of Withdrawal

(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)

[PN19.1]

Withdrawal of approval by the exercise of our discretion under section 591B(1) ICTA 88 applies to all tax approved schemes (viz whether approved under section 590 ICTA 1988 or section 591 ICTA 88). It is done by a notice in writing to the scheme administrator, specifying the grounds for, and the operative date of, the withdrawal. The operative date will normally be that of a particular event which has made the scheme no longer approvable or 17 March 1987 if later. The precise date of withdrawal of approval is a matter for the Divisional Manager to decide.

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