Pension tax system delay

A major aspect of the new simplified tax regime due to take effect from 6 April 2006 (A-day) is that all returns, reports and payments by registered pension schemes must be made online. Although most of the relevant regulations and forms are only available in draft (see Preparing for A-day: actions for trustees and employers ), HM Revenue and Customs (HMRC) has always maintained that the system will be operative from A-day.