273 Members liable as scheme administrator
Finance Act 2004 (2004 c 12) | Legislation

273  Members liable as scheme administrator

(1)     This section applies in relation to a registered pension scheme if—

(a)     a person has, or persons have, assumed liability by reason of section 272 (trustees etc) applying in relation to the pension scheme,

(b)     the person has, or the persons have, become liable to pay tax (or interest on tax) which became due by virtue of section 239 (scheme sanction charge) or section 242 (de-registration charge) before section 272 applied in relation to the pension scheme,

(c)     that person, or each of those persons, has failed (in whole or in part) to satisfy the liability, and

(d)     that person, or each of those persons, has either died or ceased to exist or is a person in whose case the Inland Revenue considers the person's failure to satisfy the liability to be of a serious nature.

[(1A)     This section also applies in relation to a registered pension scheme if—

(a)     a person has, or persons have, by reason of section 272C(7) assumed a liability to pay tax (or interest on tax) by virtue of section 239 (scheme sanction charge) in respect of the whole or a part of a scheme chargeable payment

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