Skip to main content

Income Tax: Overpayments

Volume 476: debated on Tuesday 20 May 2008

To ask the Chancellor of the Exchequer what funds arising from the overpayments of income tax on the part of pension funds HM Customs and Revenue held at the latest date for which figures are available. (200396)

[holding answer 23 April 2008]: In 2007-08 HMRC repaid a total of £2.2 billion to registered pension schemes. This was in respect of tax relief at source relating to contributions made to pension schemes and certain tax on investment income received by schemes. Such repayments are claimed routinely by pension scheme trustees and administrators and are made to pension schemes on a regular basis by HMRC.