HMRC powers: pension schemes

HMRC gains new powers relating to pension schemes.

Following the budget, HMRC can send “information notices to ask for documents and other information from the pension scheme administrator and other persons to help HMRC decide whether or not to register a pension scheme.” This is backed by a new penalty if false information is provided in connection with an application for registration and the power for HMRC to refuse registration or to de-register an existing scheme.

Read about pension administration.