Draft legislation: repayment of the overseas transfer charge
Detail of outcome
The legislation was laid before Parliament on 3 April 2019 as the The Pension Schemes (Information Requirements – Repayment of Overseas Transfer Charge) Regulations 2019 and the The Pension Schemes (Information Requirements — Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) (Amendment) Regulations 2019 and will take effect on 25 April 2019.
Original consultation
Consultation description
HM Revenue and Customs has published draft regulations and a draft explanatory memorandum for a technical consultation.
The first set of draft regulations detail the conditions and process for claiming a repayment of the overseas transfer charge where the charge was either paid in error or a change in the individual’s circumstances now means the original transfer was exempt from the charge.
The second set of draft regulations align the information requirements of SI2006/208 with those detailed in the draft Repayment of Overseas Transfer Charge regulations.
Documents
Updates to this page
Published 12 November 2018Last updated 8 April 2019 + show all updates
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Added outcome summary, including links to resulting legislation.
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First published.