Section 54 | Overseas pension schemes: information and inspection powers

(1)Part 6 of Schedule 36 to FA 2008 (information and inspection powers: special cases) is amended as follows.

(2)In paragraph 34B (registered pension schemes etc)—

(a)in sub-paragraph (2), omit the “or” at the end of paragraph (b) and, at the end of paragraph (c) insert—

(d)a QROPS or former QROPS, or

(e)an annuity purchased with sums or assets held for the purposes of a QROPS or former QROPS.

;

(b)after sub-paragraph (4) insert—

(4A)In relation to a notice to which this paragraph applies that refers only to information or documents relating to a matter within sub-paragraph (2)(d) or (e), paragraph 20 (old documents) has effect as if the reference to 6 years were to 10 years.

;

(c)after sub-paragraph (7) insert—

(7A)Where the notice relates to a matter within sub-paragraph (2)(d) or (e), the officer of Revenue and Customs who gives the notice must give a copy of the notice to the scheme manager in relation to the pension scheme.

;

(d)in sub-paragraph (8), for “and (7)” substitute “ to (7A) ”.

(3)In paragraph 34C (registered pension schemes etc: interpretation), insert at the appropriate places—;

(4)In paragraphs 34B and 34C of Schedule 36 to FA 2008, references to a former QROPS include a scheme that ceased to be a QROPS before this Act was passed.