The Chartered Institute of Payroll Professionals
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We recommend that you read the document in full, but the digitalisation of relief at source felt like an especially important topic. 8
Digitalisation of relief at source
Within the Spending Review 2021, it was confirmed that investment would be made to improve the administration of pension tax reliefs. The aim is to digitise the current paper claims system for relief at source.
In response to its call for evidence, published in October 2021, the government committed to delivering a digital solution, which would:
• Support the provision of information and declaration • Provide quicker payments to relief at source schemes and help reduce errors. February 2022
HMRC is establishing a working group to collect the views and needs of stakeholders and ensure they’re fed into the design process for the digitisation of relief at source. It’s also making plans on how the working group will help with the project to deliver a digital solution.
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Recognised overseas pension schemes notification list 2 March 2022
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.
There have been 27 scheme names added to the list and seven removed.
HMRC list the updates, as follows.
Schemes added
Australia
Bovington Wealth Superannuation Fund Carmichael SMSF Cotton Super Dimick Family Super Fund Dunlop QROPS Fund Dunmore Superfund Eveline Super Fund Ewen Cameron Superannuation Fund GABE Expectations I Michie Superannuation Fund Kevin & Karen Superannuation Fund Luiten ROPS Fund Maguire Superannuation Fund Maines QROPS Super Fund Meppershall SMSF Millroy Family Super Fund P & D Cartwright Superannuation Fund SPJ Algar SMSF Susy Dog Super Fund The Coleing Super Fund The Trustee for A & H Dunbar Superfund
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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