HMRC has published its third Countdown Bulletin in relation to the abolition of DB contracting out in April 2016.
To date, HMRC has received 1889 requests for data through its reconciliation service and has issued records for 1175 schemes. HMRC has noted that the number of follow up requests which it has received is lower than expected. It has urged schemes to progress the review of their data so that any discrepancies can be addressed in sufficient time.
The Countdown Bulletin can be accessed by clicking here.Separately, the DWP has also published guidance for employers, trustees and employees on preparing for the abolition of DB contracting out.
The DWP guidance can be accessed by clicking here.