Related Commentary  Related CasesRelated HMRC Manuals

207(1)  A charge to income tax, to be known as the authorised surplus payments charge, arises where an authorised surplus payment is made to a sponsoring employer by an occupational pension scheme that is a registered pension scheme.

207(2)  The person liable to the authorised surplus payments charge is the scheme administrator.

207(3)  The scheme administrator is liable to the authorised surplus payments charge whether or not–

(a)the scheme administrator, and

(b)the sponsoring employer,

are resident or domiciled in the United Kingdom.

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