Draft legislation: repayment of the overseas transfer charge
Draft legislation on the information requirements and process for claiming a repayment of the overseas transfer charge.
Detail
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
(Draft) Explanatory memorandum application/pdf(Draft) The Pension Schemes (Information Requirements – Repayment of Overseas Transfer Charge) Regulations 2019 application/pdf(Draft) The Pension Schemes (Information Requirements — Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) (Amendment) Regulations 2018 application/pdf