Relief at source annual returns for 2014-15

15 December 2015

Extract from Pension schemes newsletter 74 - December 2015:

“In Pension schemes newsletter 72 - September 2015 we reminded scheme administrators of pension schemes operating relief at source that the annual return of individual information (also known as the RPSCOM100(Z)) for the tax year 2014 to 2015 was due to be submitted to HM Revenue and Customs (HMRC) by 5 October 2015. We also explained why we needed this information and the consequences of failing to submit by the deadline.

There are still outstanding returns for both the 2013 to 2014 and 2014 to 2015 tax years.

Over the last year we have been working with scheme administrators to help them submit their 2013 to 2014 annual returns of individual information. We will continue to do this for outstanding 2013 to 2014 returns but will now extend this work to include submission of the outstanding 2014 to 2015 returns.

As we explained in Pension schemes newsletter 72 - September 2015, we are carrying out this work in readiness for the introduction of the Scottish rate of Income Tax. It will be essential that the data submitted on the annual return of individual information is made on time and is accurate so that we can identify Scottish taxpayers and tell you the correct rate of tax to apply to your scheme members in advance of the next tax year.

We will give scheme administrators three opportunities to submit the 2014 to 2015 annual return successfully and if failure occurs on the third submission we will stop all future interim repayments until a further re-submission is received and deemed successful.

So that we can continue to help scheme administrators successfully submit their annual return of individual information please give us up to date contact details. You can email these to: pensions.businessdelivery@hmrc.gsi.gov.uk and put ‘relief at source - SRIT’ in the subject line of your email.”