PSI19.1.13 - Withdrawal of Approval: General - Warning of Retrospection

(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)

Where there is even a possibility that approval may be withdrawn, it is essential to give a written warning at an early stage that if approval is withdrawn such withdrawal may take effect from a date earlier than the date of our warning letter. This warning has already been included in the relevant stock letters (PS7001 and PS7002 for example). Failure to include such a warning could seriously weaken the Revenue’s position if we subsequently withdraw approval retrospectively and our action is challenged at a Judicial Review. The flowchart at Appendix 1, which was published with PSO Update No 6 illustrates the normal steps leading up to withdrawal of approval.

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