RPSM04301040 - Scheme Administrator pages: Taxation: Tax and penalties payable by the administrator: When will HMRC issue an income tax assessment to the scheme administrator?

When will HMRC issue an income tax assessment to the scheme administrator?

[Regulation 4 of The registered Pension Schemes (Accounting and Assessment) Regulations 2005 [SI 2005/3454] 

HMRC will issue an assessment to the scheme administrator in the following circumstances:

• in respect of any tax that should have been accounted for by the administrator on the accounting for tax return that has not been paid on or before the due date, and
• where the administrator is liable to a scheme sanction charge.

Where the scheme administrator receives such an assessment, the administrator must pay the tax due within 30 days after the notice of the assessment. Interest will be chargeable from the original date due.

The scheme administrator has the right to appeal against an assessment. See RPSM04302060 for more details about appeals.