0191 257 0355

71 Howard Street, North Shields
Tyne & Wear, NE30 1AF


Pensions Regulator to seize assets

Source: Pensions Regulator | | 13/05/2018

The Pensions Regulator (TPR) has announced that employers who refuse to pay workplace pension fines could have their assets seized to pay their debts.

TPR can issue fines to employers who fail to meet their automatic enrolment duties and can secure court orders if the debts are not then paid. TPR is to now appoint High Court Enforcement Officers (HCEOs) to enforce court orders in England and Wales, and the equivalent in Scotland and Northern Ireland, on those employers who have refused or failed to comply. If an employer does not pay their debts, HCEOs could visit the employer’s business premises to seize and remove items to sell, up to the value of the amount owed. This could include the employer’s company vehicles. Unlike bailiffs, HCEOs have the power to force entry to locked commercial premises to seize assets.

TPR has never needed to use HCEOs before. The intention is to only use them on those rare occasions when, without good excuse, an employer has failed or refused to pay a fine imposed by TPR and after which TPR has subsequently obtained a court order for the amount owed.

Separately, TPR will consider whether it should prosecute employers that remain non-compliant with their automatic enrolment duties despite being given a court order demanding they pay the fines they have incurred.

 

Latest News

  • Budget date remains to be confirmed

    17/09/2018 - More...

    The Chancellor Philip Hammond, has stated before the House of Lords Economic Affairs Committee, that he is not yet in a position to announce a date for the Autumn Budget 2018

  • Help-to-Save scheme launched

    17/09/2018 - More...

    The new Help to Save scheme for people on low incomes was officially opened with effect from 12 September 2018 following an 8-month trial. The new scheme allows those in work

  • CGT record keeping

    17/09/2018 - More...

    The annual Capital Gains Tax (CGT) exemption for individuals is £11,700 for 2018-19. A husband and wife each benefit from a separate exemption. Same-sex couples who acquire a legal

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login

Copyright © 2018 - Read Milburn