to claim relief at 20% in respect of these individuals, and HMRC will not recover the difference between the Scottish starter and Scottish basic rate.
Pension scheme members who are Scottish taxpayers liable to income tax at the Scottish intermediate rate of 21% will be entitled to claim the additional 1% relief due on some or all of their contributions above the 20% tax relief paid to their scheme administrators. These pension scheme members will be able to claim the additional relief for 2018 to 2019 by contacting HMRC if they don’t already complete Self Assessment returns, or through their return if they do. HMRC will engage with stakeholders to help affected members claim this additional tax relief. Pension scheme members who are Scottish taxpayers liable to Income Tax at the Scottish higher rate (41%) and Scottish top rate (46%) will be able to claim additional relief on their contributions up to their marginal rate of tax in the usual way, either in their Self Assessment tax return or if they don’t complete a tax return by contacting HMRC .”
The newsletter also contains information on:
Completing your annual return of individual information for 2017 to 2018 Notification of residency status report - January 2018 Look up residency status for relief at source Updates to GOV.UK guides and the RPSCOM100(Z) spreadsheet Relief at source regulations Appendix 1 - messages for your members Appendix 2 - messages for payroll providers Appendix 3 - structured data for the annual return of individual information for 2017 to 2018
Highlighted in bold are messages specifically for pension scheme members ( Appendix 1 ) and for payroll providers ( Appendix 2 ) which explain in more detail how relief at source will work for the additional bands and rates and what action you need to take.
If you have any questions about the information in the newsletter , you can email HMRC’s Pension Schemes Services using “Relief at source for Scottish Income Tax Payroll” in the subject line of your email.
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Latest Countdown Bulletin published 26 February 2018
This publication provides important guidance and information to pension scheme administrators about the end of contracting-out, which although it came to an end in April 2016 schemes are still submitting termination and transfer notices with end dates on or after 6 April 2016.
The countdown bulletin provides an update on the correct guidelines to follow for any termination or transfer notices; any that are received and don’t follow the correct guidelines won’t be actioned/processed.
For full details see Countdown bulletin 32 , which also includes updates on:
Contributions Equivalent Premium (CEP) or Limited Revaluation Premium (LRP) refunds due to post 5 April 2016 Transfers Matched members not showing on SRS refreshed output Secondary type 5 queries Data limit for query templates sent for an automated solution.
Previous editions of the Countdown Bulletin are available on GOV.UK.
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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