RPSM02305040 - Scheme Administrator Pages: Registering a pension scheme with HMRC: opting out of automatic registration: What happens once HMRC knows the value of the fund on opt-out?

What happens once HMRC knows the value of the fund on opt-out?

We will issue an assessment to the relevant administrator for the tax due.

If we do not receive notification of the scheme value as at 5 April 2006 from the relevant administrator, we will issue an estimated assessment based on an estimate of the fund value.

If you do not agree with the amount of tax due, you will be able to appeal.

If the amount assessed is an underestimate when figures become known, HMRC may issue a further assessment.