RPSM04301010 - Scheme Administrator pages: Taxation: Tax and penalties payable by the administrator: Taxation of scheme administrator

Taxation of scheme administrator

Are the scheme administrator’s tax liabilities within self-assessment?

The scheme administrator’s tax liabilities under Part 4 of Finance Act 2004 are not within the self-assessment procedures. Therefore any tax liabilities of a scheme administrator should not be included in any self-assessment return that the trustees of the same pension scheme may complete in respect of that scheme. The tax liabilities of the scheme administrator are taken out of self-assessment by S9 (1A) Taxes Management Act 1970.

Apart from the scheme sanction charge, any tax charged on a scheme administrator of a registered pension scheme by provisions contained in Part 4 of Finance Act 2004 (RPSM04301020 lists the possible charges) must be accounted for by that administrator on the accounting for tax (AFT) return (see RPSM12301300).

The deadline for paying the tax shown as due in the AFT return is the same as that for making the return, as in RPSM12301310. The tax liability is payable without the making of an assessment by HMRC.