31 May 2023
HM Revenue and Customs (HMRC) releases a newsletter detailing changes and notices for pension scheme administrator to be aware of. Issue 150 for May 2023 has been published and is a short newsletter this time around, with only two notices to bring your attention to.
A reminder of the relief at source annual return deadline which are due by 5 July 2023 for the 2022/23 tax year. The publication signposts to various pages for additional help and guidance.
With regards to the managing pension schemes service, there is a reminder of what to do and where to find guidance on migrating pension schemes.
Additionally, HMRC has indicated that in spring 2024 the managing pension schemes service will be updated to accept pension scheme returns. The first returns will be for tax year ending 5 April 2024. HMRC warn that if your pension scheme is not currently on the service it will need to be migrated by April 2024 in order to allow time to submit the return on time.
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