Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why does the pension scheme have to complete a self-assessment when there is no tax liability?

April 26, 2017COMPLETE liability Pension Scheme self-assessment tax

0

Posted

Why does the pension scheme have to complete a self-assessment when there is no tax liability?

1 Answer

0

Posted

A. Each year the Inland Revenue gives tax relief of over £11 billion excluding relief on Capital Gains Tax. We have a duty to monitor that relief to ensure it is given correctly. The tax return and accounts enable us to do that.