# The Income Tax (Pension Funds Pooling Schemes) Regulations 1996, Regulation 10: Responsibilities of trustee of a pension funds pooling scheme


(1) The trustee of a pension funds pooling scheme shall be responsible for negotiating and agreeing with an officer of the Board on behalf of the participants the matters specified in paragraph (2).
(2) The matters specified in this paragraph are—
(a) (i) a method of calculating the amount of any income arising from the scheme property in each accounting period of the scheme, and of attributing to each participant the appropriate allocation of that amount;
(ii) the amount of any income arising from the scheme property in each accounting period of the scheme, and the amount of that income that is attributable to each participant;
(b) the amount of any profits or gains arising in each accounting period of the scheme in respect of rents or receipts from the scheme property in that period that are attributable to each of those participants in the scheme which are chargeable on such profits or gains under Schedule A;
(c) the amount of any interest of money or other annual profits or gains from the scheme property arising in each accounting period of the scheme that are attributable to each of those participants in the scheme which are chargeable on such interest or other annual profits or gains under Schedule D;
(d) the amount of any dividends or other distributions from the scheme property arising in each accounting period of the scheme that are attributable to each of those participants in the scheme which are chargeable on such dividends or other distributions under Schedule F;
(e) (i) where in an accounting period an event occurs that gives rise, or may give rise, to a balancing allowance or a balancing charge under the 1990 Act to or on those participants which were participants immediately before or immediately after that event, a method of computing the amount of the balancing allowance or charge attributable to each of those participants;
(ii) the amount of the balancing allowance or charge referred to in paragraph (i) of this sub-paragraph that is attributable to each of the participants concerned;
(f) in relation to expenditure to which regulation 4(3)(f) applies, the amount of any such expenditure incurred in each accounting period of the scheme which is—
(i) capital expenditure for a chargeable period in relation to which Part I of the 1990 Act applies, or
(ii) capital expenditure on the provision of machinery or plant in respect of which a writing-down allowance is to be, or may be, made in accordance with sections 24 to 26 of the 1990 Act;
(g) the amount of the expenditure calculated in accordance with sub-paragraph (f) for an accounting period that is attributable to each participant;
(h) where, in relation to a building or structure which forms part of the scheme property, an event occurs in an accounting period which gives rise, or may give rise, to a balancing allowance or a balancing charge under the 1990 Act to or on each of the participants which were participants immediately before or immediately after that event, the amount of any sale, insurance, salvage or compensation moneys within the meaning of section 156 of the 1990 Act which are relevant to that event;
(j) the disposal value, calculated in accordance with section 26 of the 1990 Act, of any plant and machinery forming part of the scheme property which is or may be required to be brought into account for a chargeable period;
(k) the form of the certificate referred to in paragraph (3).
(3) The trustee of a pension funds pooling scheme shall also be responsible for providing within three months after the end of each accounting period of the scheme to each participant in the scheme in that period, a certificate in relation to that participant showing the information specified in paragraph (4).
(4) The information specified in this paragraph is—
(a) the amount of the income agreed with the officer of the Board under paragraph (2)(a)(ii) which is attributable to that participant for the accounting period concerned;
(b) the amount (if any) agreed with the officer of the Board under paragraph (2)(b) to be chargeable under Schedule A which is attributable to that participant for the accounting period concerned;
(c) the amount (if any) agreed with the officer of the Board under paragraph (2)(c) to be chargeable under Schedule D which is attributable to that participant for the accounting period concerned;
(d) the amount (if any) agreed with the officer of the Board under paragraph (2)(d) to be chargeable under Schedule F which is attributable to that participant for the accounting period concerned;
(e) where in the accounting period concerned an event occurs that gives rise to a balancing allowance or a balancing charge under the 1990 Act, the amount (if any) of that allowance or charge agreed with the officer of the Board under paragraph (2)(e)(ii) which is attributable to that participant for that period;
(f) the amount (if any) of the expenditure agreed with the officer of the Board under paragraph (2)(g) which is attributable to that participant for the accounting period concerned;
(g) where applicable, the parts of amounts of sale, insurance, salvage or compensation moneys in relation to events occurring in the accounting period concerned, and of the disposal values of plant and machinery agreed with the officer of the Board under paragraph (2)(h) and (j), which are attributable to that participant for that period.
(5) In this regulation any reference to a participant in the scheme in relation to an accounting period includes a reference to a participant which, although not a participant throughout that period, was a participant at some time during that period.

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Source: https://www.legislation.gov.uk/uksi/1996/1585/regulation/10 (the official version)
Page: https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.