Regulation 3 Pension scheme surplus payment—administrator to make return and account for tax payment
(1)
The administrator shall—
(a)
on making a surplus payment to an employer deduct out of it the relevant tax payment, and
(b)
within 14 days after making the surplus payment make a return to the Board in accordance with paragraph (2).
(2)
The return to which paragraph (1) refers shall contain the following particulars—
(a)
the full name or description and tax office reference of the scheme;
(b)
the name and address and tax office reference of the employer concerned;
(c)
details of the surplus payment including—
(i)
the date when it was made, and
(ii)
where the surplus payment (or part) is a transfer of an asset or of money’s worth (within the meaning of paragraph 1(9) of Schedule 12) the market value of the asset or money’s worth concerned;
(d)
the amount of the tax payment.