RPSM04102040 - Technical Pages: Taxation: Authorised employer payments: Accounting for and paying the authorised surplus payments charge

Accounting for and paying the authorised surplus payments charge

[s254][The Registered Pension Schemes (Accounting and Assessment) Regulations 2005 - SI 2005/3454]

Where scheme administrators have a liability to the authorised surplus payment charge they must account for and pay the tax due by using the Accounting for Tax Return. The return must be made within 45 days after the end of the quarterly period in which the tax liability arises. The quarterly periods are periods of three months ending on 31 March, 30 June, 30 September and 31 December.

The Accounting for Tax Return must include the:

• number of employers to whom an authorised surplus payment was made
• name, registered address, and, if appropriate, company registration number of each employer to whom an authorised surplus payment was made.
• date of the authorised surplus payment(s)
• amount of tax due in respect of each authorised surplus payment.

More information on the process of accounting for and paying the tax to HMRC can be found at RPSM12301300.