RPSM04104760 - Technical Pages: Taxation: Unauthorised payments: Unauthorised payments surcharge: Reports

Reporting and paying the unauthorised payments surcharge

Reg 3 & 4 The Registered Pension Schemes (Provision of Information) Regulations 2006 SI 2006/567]

The scheme administrator should report details any payment of an unauthorised payment on the Event Report. The Event Report should be submitted to HMRC by 31 January following the end of the tax year in which the unauthorised payment is made. If the scheme has wound up the Event Report should be submitted to HMRC by the earlier of

• the end of 3 months beginning with date that the scheme completed winding up, or
• 31 January following the end of the tax year in which the unauthorised payment is made.

The person liable to the unauthorised payments charge should declare the payment on their Self Assessment return. Where someone does not receive a Self Assessment return they should report their chargeability to tax in respect of the payment to HMRC.