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Mandatory e-filing for pension scheme administrators

17 September 2007
Categories: News
From 16 October, pension scheme administrators will have to submit details electronically on matters including applications to register a pension scheme, registered pension scheme returns, and accounting for tax returns.

From 16 October 2007, pension scheme administrators will have to submit the following information electronically:

  • applications to register a pension scheme;
  • registered pension scheme returns;
  • accounting for tax returns;
  • scheme administrator's declarations;
  • event reports;
  • notifications of the winding-up of a registered pension scheme; and
  • notifications of a scheme administrator terminating his or her appointment.

To submit information online, scheme administrators (or practitioners acting on their behalf) must register with HMRC's Pension Schemes Online service. It can take up to seven working days to activate a new account, so HMRC are urging those who have not yet signed up, to do so.

In order to register, visit HMRC's online registration page at https://online.hmrc.gov.uk/registration and select 'pensions' to apply for either a scheme administrator or a practitioner ID. On receipt of the ID, information can be sent either using third party software, or the free software provided by HMRC.

The SA970, self assessment return for pension schemes, will continue to be issued on paper. It will not be mandatory to file any other form or return not listed above electronically. Accounting for tax returns submitted for the second quarter (ending 30 September), must be submitted online if they are not filed by 15 October 2007. The filing deadline for this return for the second quarter is 45 days after the end of September, i.e. 14 November 2007.

Pension scheme returns for 2006-07 must be submitted online, if they are not filed by 15 October 2007. The filing date for the pension scheme return for 2006-07 is 31 January 2008.

Event reports for 2006-07 must be submitted online if they are not filed by 15 October 2007. The filing date for the event report for 2006-07 is 31 January 2008.

Categories: News
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