RPSM12301330 - Scheme Administrator Pages: Information Requirements and Administration: Information the scheme administrator is required to give to HMRC: The Accounting for Tax Return: Payment of the tax due

Payment of the tax due

When payment is due

The income tax in respect of which the return is made must be paid within the same time limit as is given for completion of the return, that is within 45 days following the end of the 3-month period. It is payable without the making of an assessment by HMRC. For more details about how to make a payment, please see the separate guidance on the HMRC website, by going to the homepage at www.hmrc.gov.uk and following the links for 'How to pay' to find the instructions for a pension scheme.

Liability

The scheme administrator is liable to pay the tax in most cases, but please note the following.

Where the registration of a pension scheme has been withdrawn, the person who is the scheme administrator immediately before withdrawal retains all obligations to HMRC in connection with accounting for tax under this provision.

Where one of the following payments is made by an insurance company, under an annuity or insurance contract which is not, in itself, a registered pension scheme but where the payment is treated as made by a registered pension scheme because the contract was acquired with funds held by such a scheme, the insurance company, and not the scheme administrator or any other person, is liable for the special lump sum death benefit charge, and is liable to the penalties under s260(1) if it fails to account for the tax, and penalties under s260(6) if an incorrect return is fraudulently or negligently made

• pension protection lump sum death benefit
• annuity protection lump sum death benefit
• unsecured pension fund lump sum death benefit.

In effect, the insurance company becomes the scheme for the purposes of the particular special lump sum death benefits charge liability in question.