158 Grounds for de-registration
Finance Act 2004 (2004 c 12) | Legislation

158  Grounds for de-registration

(1)     The registration of a pension scheme may be withdrawn under section 157 only if it appears to the Inland Revenue—

[(za)     that the pension scheme has not been established, or is not being maintained, wholly or mainly for the purpose of making payments falling within section 164(1)(a) or (b) (authorised payments of pensions and lump sums),]

[(zb)     that the person who is, or any of the persons who are, the scheme administrator is not a fit and proper person to be, as the case may be—

(i)     the scheme administrator, or

(ii)     one of the persons who are the scheme administrator,]

(a)     that the amount of the scheme chargeable payments (see section 241) made by the pension scheme during any period of 12 months exceeds the de-registration threshold,

(b)     that the scheme administrator fails to pay a substantial amount of tax (or interest on tax) due from the scheme administrator by virtue of this Part,

(c)     that the scheme administrator fails to provide information required to be provided to the Inland Revenue by virtue of this Part [or Part 1 of Schedule

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