PAYE20146 - Employer records: set up employer record: employer-financed retirement benefits schemes (EFRBS)

Section 251(1)(a), (2)(e)-(f) FA 2004 and »Ê¹ÚÌåÓýapp Registered Pension Schemes and Employer-Financed Retirement Benefits Schemes (Information) (Prescribed Description of Persons) Regulations 2005 S.I. 2005 No.3453

»Ê¹ÚÌåÓýappse regulations came into force on 6 April 2006. This guidance tells you about the reporting obligations of these schemes.

Information must be provided to HMRC

  • When the scheme starts
  • Annually where benefits are provided

When the scheme starts

By 31 January following the end of the tax year in which a scheme commences, the responsible person must send the following information to HMRC

  • »Ê¹ÚÌåÓýapp name of the scheme
  • »Ê¹ÚÌåÓýapp address of the responsible person
  • »Ê¹ÚÌåÓýapp date the scheme came into operation

Notes

1. Further information on the responsible person can be found at EIM15056.

2. A scheme comes into operation on the first occasion after 5 April 2006 when either

  • An employer contributes to the scheme, or
  • Relevant benefits are provided from it. Further information on relevant benefits can be found at EIM15021.

»Ê¹ÚÌåÓýapp information required when a scheme starts should be sent to

  • »Ê¹ÚÌåÓýapp trust office dealing with the trust through which the scheme operates, or
  • If the scheme is not operated through a trust, the information should be sent to Pension Schemes Services HM Revenue and Customs, BX9 1GH

Annual PAYE obligations and the reporting of any benefits

If payments are made and a PAYE liability arises then a PAYE scheme will be required. This should be set up via the Employer Helpline in the usual way.

»Ê¹ÚÌåÓýapp responsible person must also send the following information to HMRC annually by 7 July following the end of the tax year in which payment is made or any benefit is provided

  • »Ê¹ÚÌåÓýapp name, address and national insurance number of the recipient of the relevant benefit
  • »Ê¹ÚÌåÓýapp nature of the relevant benefit
  • »Ê¹ÚÌåÓýapp amount of the relevant benefit

Note: Information on calculating relevant benefits that are non-cash can be found at EIM15020.

Where to send the information

It should be provided in the form of a list and headed ‘Employer-Financed Retirement Benefits Scheme - Relevant Benefits� and sent to

Employer Technical Team
Customer Operations Employer Office
BP4102
Chillingham House
Benton Park View
Newcastle Upon Tyne
NE98 1ZZ