Related Commentary  Related HMRC Manuals

242(1)  A charge to income tax, to be known as the de-registration charge, arises where the registration of a registered pension scheme is withdrawn.

242(2)  The liability to the de-registration charge is a liability of the person who was, or each of the persons who were, the scheme administrator immediately before the registration was withdrawn.

242(3)  That person, or each of those persons, is liable to the de-registration charge whether or not–

(a)that person, and

(b)any other person who is liable to the de-registration charge,

are resident or domiciled in the United Kingdom.

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