National Statistics: Quarterly Stamp Duty Statistics

Updated: Update with provisional data from Quarter 1 of 2017

The Quarterly Stamp Duty Statistics bulletin provides statistics on residential and non-residential SDLT transactions valued at £40,000 or above. The bulletin is updated quarterly.

This publication was formerly known as ‘Numbers of UK SDLT property transactions by liable and non-liable’ and ‘Table 16.5’.

Source: HMRC

National Statistics: Air Passenger Duty Bulletin

Updated: Update with provisional data from October 2016 to March 2017

The Air Passenger Duty Bulletin provides statistics and analysis on airline passenger numbers and Air Passenger Duty receipts in the UK. The bulletin is updated every six months.

Source: HMRC

Form: Import and export: apply for a Customs Comprehensive Guarantee

Updated: The address to send the completed CCG1 form has changed.

Apply for a Customs Comprehensive Guarantee (CCG) by completing form CCG1. Your authorisation or approval to defer or suspend duty can’t start until the CCG is in place.

Under the Union Customs Code (UCC) regulations, you need to hold a CCG authorisation with an appropriate guarantee if you want to apply for new customs authorisations or approvals that defer or suspend the payment of duty.

You might also want to apply for a CCG if:

  • you already hold an authorisation or approval but want to change this to take advantage of any of the UCC arrangements
  • you’re an Authorised Economic Operator (AEO) (or hold a current AEO certificate) and you want to take advantage of the reduction available against the customs element of the Duty Deferment account

Before you start

If you are using an older browser (for example, Internet Explorer 8) you’ll need to update it or use a different browser. Find out more about browsers.

You’ll need to fill in the form fully before you can print it. You can’t save a partly completed form so we suggest you gather all your information together before you begin to fill it in.

Source: HMRC

Detailed guide: Pension schemes: protect your lifetime allowance

Updated: This guidance has been updated with information about lifetime allowance protection reference numbers.

The standard lifetime allowance was reduced to:

  • £1.25 million on 6 April 2014
  • £1 million on 6 April 2016

But you may be able to protect your pension(s) from these reductions.

In most cases, if you already have protection you can view it online.

There are 2 protections you can apply for, these are shown below:

Protection What it does Can I keep building
up my pension(s)?
Individual protection 2016 Protects your lifetime allowance to the lower of:

– the value of your pension(s) at 5 April 2016
– £1.25 million

Yes. But you must pay tax on money taken from your pension(s) that exceed your protected lifetime allowance.
Fixed protection 2016 Fixes your lifetime allowance at £1.25 million. No, except in limited circumstances. If you do, you’ll:

– lose your fixed protection 2016
– pay tax on any pension(s) above the standard lifetime allowance when you take your pension

Individual protection 2016

You can apply if your pension(s) was worth more than £1 million at 5 April 2016.

You can still apply if you already have:

  • enhanced protection
  • fixed protection
  • fixed protection 2014
  • fixed protection 2016

Individual protection 2016 will stay dormant until you lose or give up your previous protection – tell HM Revenue and Customs (HMRC) in writing if this happens.

If you applied for protection from the 2016 reduction and received a temporary reference number, you must apply online for a permanent reference number.

You can’t apply if you’ve either:

  • primary protection
  • individual protection 2014

Before you start

You’ll need:

  • an account for HMRC Online Services – you can set one up when you start your application
  • to know what your pension(s) was worth on 5 April 2016 and a breakdown of the amount

If you don’t know this information, you can ask your pension scheme administrator. If you’ve more than one scheme, add the amounts from each scheme together.

Check if there are any current service problems, or times when it won’t be available.

Fixed protection 2016

You can apply if:

  • you or your employer haven’t added to your pension since 5 April 2016
  • you opted out of any workplace schemes by 5 April 2016

You can still apply for fixed protection 2016 if you already have individual protection 2014. Fixed protection 2016 will be dormant until you lose your previous protection. You should tell HMRC in writing when you have lost lifetime allowance protection.

You can’t apply if you have:

  • enhanced protection
  • primary protection
  • fixed protection
  • fixed protection 2014

If you applied for protection from the 2016 reduction and received a temporary reference number, you must apply online for a permanent reference number.

Before you start

You’ll need an account for HMRC Online Services – you can set one up when you start your application.

Check if there are any current service problems, or times when it won’t be available.

Lifetime allowance protection reference numbers

Once you’ve applied for lifetime allowance protection through the online service you’ll receive 2 reference numbers that you’ll need to keep. These are your:

  • protection notification number
  • scheme administrator reference

You’ll need to give these reference numbers to your scheme administrator when you decide to take money from your pension to show that you have a lifetime allowance protection.

Your protection notification number will be shown as:

  • FP16 followed by 10 digits and 1 letter for fixed protection 2016, for example FP161234567890A
  • IP16 followed by 10 digits and 1 letter for individual protection 2016, for example IP161234567890B

Your scheme administrator reference will be shown as PSA followed by 8 digits and 1 letter.

You can find these reference numbers on your personal tax account, even if you didn’t apply for lifetime allowance protection online.

Report a change

Changes in your pension can affect if you can keep your individual protection for 2014 and 2016. You should tell HMRC if:

  • the amount of your pension breakdown changes
  • you need to add or change a pension debit because you receive a discharge notice as a result of a pension sharing order
    • you must tell us within 60 days of the pension debit

If you’ve protected your pension savings online you’ll be able to amend your protections yourself. For example if you made mistakes with the values when you applied or if you have pension debits which affect the amount you’re protected by.

You should make these amendments by logging into your personal tax account and selecting the ‘pensions’ option.

If you didn’t protect your pension savings online, you should tell HMRC in writing about these changes and HMRC will write to you to let you know how it affects your protection.

If you’ve lost protection

If you’ve lost your protection you’ll need to tell HMRC in writing. We’ll need:

  • your full name, address and National Insurance number
  • the exact date that you lost protection
  • the reason why you lost protection
    • for example, benefit accrual, auto enrolment
  • the type of pension arrangement
    • defined contribution or defined benefit
  • your original certificate (if you still have it), these weren’t issued for
    • IP2016
    • FP2016

If you have a paper certificate, you should send this with the information in the bullet list above to us by post.

If you applied for IP2016 or FP2016 and don’t have a certificate, this information can be provided by email.

Source: HMRC

Detailed guide: Pension administrators: check your member’s protection status

Updated: This guidance has been updated to reflect the new lifetime allowance scheme administrator look-up service.

Overview

Your pension members may be able to apply for protection from the reduction in the lifetime allowance.

If there’s a benefit crystallisation event you’ll need to send HM Revenue and Customs (HMRC) the Event Report if both the following apply:

  • your member’s total benefits are more than the lifetime allowance
  • they have enhanced protection, fixed protection, fixed protection 2014 or individual protection 2014

If you need to report reference numbers for members using fixed protection 2016 and individual protection 2016, you should contact HMRC.

You’ll also need to make sure you give the right information to your members.

Protection before 2016 reduction

Before 2016 your members could hold one of the following protections:

  • enhanced protection
  • primary protection
  • fixed protection
  • individual protection 2014
  • fixed protection 2014

Your members should give you the reference number for their protection and you’ll need to use this when testing their benefits.

Your members can find their reference number on their protection certificate or confirmation letter. Additionally, most members will be able to view it online using the protect your lifetime allowance service.

You may decide to ask your member for a copy of their protection certificate so you can:

  • confirm the value of their protected pension rights
  • tell the member what percentage of the lifetime allowance they’ve used up

Protection from 2016 reduction

Your members will need to apply for a permanent protection notification number online.

The permanent protection notification number is in the format:

  • FP16 followed by 10 digits and 1 letter, for fixed protection 2016 (for example FP161234567890A)
  • IP16 followed by 10 digits and 1 letter, for individual protection 2016 (for example IP161234567890B)

Temporary reference numbers are no longer valid. If your member has one they’ll need to apply for a permanent protection notification number. The temporary reference number will be in the format:

  • AJ followed by 4 digits, for fixed protection (for example AJ1234)
  • 4 digits followed by AJ, for individual protection (for example 1234AJ)

Lifetime allowance scheme administrator look-up service

To check if your member has valid lifetime allowance protection, you can use the lifetime allowance scheme administrator look-up service.

To use the look-up service you’ll need your member’s protection notification number and their scheme administrator reference.

Your member can find these reference numbers in their personal tax account, even if they didn’t apply for lifetime allowance protection online.

Source: HMRC

Form: Income Tax: claim a pension death benefit lump sum tax repayment if you’ve stopped working (P50Z(DB))

Updated: New Welsh print and post interactive form available for form P50Z(DB).

You can use this form to claim back tax HM Revenue and Customs (HMRC) owes you on a pension death benefit lump sum payment. You claim back the tax if you’ve taken a pension lump sum payment which used up all of your pension pot and any of the following apply:

  • you aren’t claiming one of the taxable benefits listed below:
    • Jobseeker’s Allowance (JSA)
    • taxable Incapacity Benefit (IB), IB is usually taxable if paid for more than 28 weeks
    • contribution-based Employment and Support Allowance (ESA)
  • you don’t expect to go back to work
  • you’ve permanently retired and aren’t getting a pension from a previous employer
  • you’ve returned to full-time study

Income Tax: pension death benefit lump sum: repayment claim (tax year 2016 to 2017) (P53Z(DB))
Use form P53Z(DB) to claim back tax HMRC owes you on a pension death benefit lump sum payment you recently received which used up all your fund, but are working or receiving benefits.

Income Tax: flexibly accessed pension death benefit payment: repayment claim (tax year 2016 to 2017) (P55(DB))
Use form P55(DB) to claim back tax HMRC owes you if you’ve flexibly accessed your death benefit pension, or you’ve only taken part of your pension pot and will not be taking regular payments, or the pension body is unable to make any tax refund.

Source: HMRC

Form: Income Tax: pension death benefit lump sum: repayment claim (tax year 2016 to 2017) (P53Z(DB))

Updated: Welsh translation added.

You can use this form to claim back tax HM Revenue and Customs (HMRC) owes you on a pension death benefit lump sum you recently received where you’ve taken a pension death benefit lump sum payment which used up all your fund.

You can either:

  • fill in the form on-screen, print and post to HMRC
  • print form P53Z(DB) and fill it in by hand if you can’t use the on-screen form

Income Tax: claim for a repayment of tax when you have stopped working: pension death benefit lump sum (P50Z(DB))
Use form P50Z(DB) to claim back tax HMRC owes you on a pension death benefit lump sum payment which used up all your fund.

Income Tax: flexibly accessed pension death benefit payment: repayment claim (tax year 2016 to 2017) (P55(DB))
Use form P55(DB) to claim back tax HMRC owes you if you’ve taken a flexibly accessed pension death benefit payment, or you’ve only taken part of your death benefit pension pot and will not be taking regular payments, or the pension body is unable to make any tax refund.

Source: HMRC

Form: Income Tax: flexibly accessed pension death benefit payment: repayment claim (P55(DB))

Updated: Forms updated to reflect changes in tax year.

You can use this form to claim back tax HMRC owe you if all the following apply:

  • you’ve taken a flexibly accessed pension death benefit payment
  • you’ve only taken part of your death benefit pension pot and will not be taking regular payments
  • the pension body is unable to make any tax refund

You can either:

  • fill in the form on-screen, print and post to HMRC
  • print form P55(DB) and fill it in by hand if you can’t use the on-screen form

Income Tax: claim for a repayment of tax when you have stopped working: pension death benefit lump sum (P50Z(DB))
Use form P50Z(DB) to claim back tax HMRC owes you on a pension death benefit lump sum payment.

Income Tax: pension death benefit lump sum: repayment claim (P53Z(DB))
Use form P53Z(DB) to claim back tax HMRC owes you on a pension death benefit lump sum payment you recently received.

Source: HMRC

Guidance: Customs Information Paper 08 (2016): Transfer of Residence – implementation of Article 123 of EC Regulation 1186/2009 (update)

Updated: HMRC contact details email address has changed.

This CIP relates to the earlier Customs Information Paper 14 (2015) published on 14 April 2015 and Customs Information paper 40 (2015) published on 26 October 2015.

It confirms that the implementation date is now 1 May 2016, and that from this date a new Customs Procedure Code will be available to eventually replace all paper-based declarations for Transfer of Residence consignments.

Source: HMRC