QROPS Archives - QROPS Review
There has been an update in the long running ROSIIP issue with HM Revenue & Customs releasing new guidance following the long-running case.
The ROSIIP case dates back to 2008 when the UK authorities withdrew QROPS status from the Singapore based scheme. After a hearing at the High Court it was ruled that ROSIIP never met the requirements to be categorised as a QROP Scheme. This left those in the scheme possibly facing a 55% tax charge. This is not now judged to be the case. Read More
In it’s industry newsletter released today, HMRC made amendments to the two reporting forms used by QROPS scheme administrators to notify HMRC of receipt of a transfer. Read More