Statutory Instruments

2023 No. 1012

Income Tax

The Registered Pension Schemes (Authorised Member Payments) Regulations 2023

Made

15th September 2023

Laid before the House of Commons

18th September 2023

Coming into force

31st October 2023

The Commissioners for His Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 164(1)(f) and (2)(1), and section 172A(5)(f) of the Finance Act 2004(2), and now exercisable by them(3).

(1)

Section 164(1) was numbered as such and section 164(2) was inserted by paragraph 1(2) of Schedule 29 to the Finance Act 2008 (c. 9); there are other amendments to section 164(1) and (2) but none is relevant.

(2)

2004 c. 12. Section 172A was added by paragraph 38 of Schedule 10 to the Finance Act 2005 (c. 7). It has been amended several times, but none of those amendments relate to subsection (5)(f).

(3)

The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for His Majesty’s Revenue and Customs by section 5(1) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of that Act provides that, in so far as it is appropriate in consequence of section 5, a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for His Majesty’s Revenue and Customs.