{
  "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012",
  "json_url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012.json",
  "id": "uksi/2012/764",
  "title": "The Postal Services Act 2011 (Taxation) Regulations 2012",
  "short_title": "Postal Services Act 2011 (Taxation) 2012",
  "long_title": "The Postal Services Act 2011 (c. 5) (“the Act”) makes provision for the transfer of the historic deficit of the Royal Mail Pension Plan (the “RMPP”) to the government. Part 2 of the Act provides powers for the Secretary of State to establish a new statutory pension scheme (“the new public scheme”), transfer rights from the RMPP to the new public scheme, remove liabilities from the RMPP and transfer assets from the RMPP to the government. These Regulations make provision in relation to the taxation consequences of the restructuring of the RMPP and the new public scheme in relation to accrued rights of members of the RMPP and the transfer of assets of the RMPP.",
  "citation": "S.I. 2012/764",
  "type": "uksi",
  "year": "2012",
  "number": "764",
  "version": "current",
  "date": "2012-03-08",
  "revised": true,
  "valid_from": "2016-09-30",
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "Preliminary",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation, commencement and effect",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/2",
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      "number": "2",
      "heading": "Interpretation",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
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      "number": "2",
      "heading": "Corporation Tax",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
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      "heading": "De-recognition of the obligations and assets of the RMPP",
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      "parent": "part/2"
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    {
      "path": "regulation/5",
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      "heading": "Extinguishment of trading losses of POL",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Exemption from corporation tax",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "Income Tax",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "part/3/chapter/1",
      "kind": "chapter",
      "number": "1",
      "heading": "Transfer of Accrued Rights from the RMPP to the new public scheme",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
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      "path": "regulation/7",
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      "heading": "New public scheme to be treated as a registered pension scheme",
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      "status": null,
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    {
      "path": "regulation/8",
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      "number": "8",
      "heading": "Transfer to be treated as a recognised transfer",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/1"
    },
    {
      "path": "part/3/chapter/2",
      "kind": "chapter",
      "number": "2",
      "heading": "Continued application of “A day” transitional provisions after the Accrued Rights Transfer",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "“Enhanced protection” to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/10",
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      "number": "10",
      "heading": "Rights to take benefit before normal minimum pension age to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Entitlement to lump sums exceeding 25% of uncrystallised rights to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Transitional protection for stand-alone lump sums to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Transitional protection for continued life cover (75+) to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-13",
      "extent": "E+W+S+N.I.",
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      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Transitional protection in relation to dependants’ scheme pension limit to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Transitional provision in relation to serious ill-health lump sums and pension protection lump sum death benefits to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Transitional protection in relation to payments to children aged 23 or over to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/17",
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      "number": "17",
      "heading": "Transitional protection in relation to payments to children aged 23 or over to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-17",
      "extent": "E+W+S+N.I.",
      "status": null,
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    {
      "path": "regulation/18",
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      "number": "18",
      "heading": "Transitional protection in relation to payments to children aged 23 or over to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Transitional protection in relation to lump sum death benefits to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/2"
    },
    {
      "path": "part/3/chapter/3",
      "kind": "chapter",
      "number": "3",
      "heading": "Miscellaneous provisions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Liability of scheme administrator of the new public scheme in respect of an individual’s annual allowance charge for the tax year in which the Accrued Rights Transfer takes place",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/3"
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Transitional protection under paragraph 14 of Schedule 18 to the Finance Act 2011 (“fixed protection”) to continue after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-21",
      "extent": "E+W+S+N.I.",
      "status": null,
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      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Calculation of pension input amount where there is an adjustment to benefit entitlement after the Accrued Rights Transfer",
      "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3/chapter/3"
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    {
      "path": "regulation/23",
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      "number": "23",
      "heading": "Provision in relation to double taxation relief arrangements",
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      "heading": "Further protection in relation to changes to tax treatment of Accrued Rights as a result of the Transfer",
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      "status": null,
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    },
    {
      "path": "part/4",
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      "number": "4",
      "heading": "Stamp Duty, Stamp Duty Land Tax and Stamp Duty Reserve Tax",
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  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
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