Every year there are deadlines for the submission of information that is used in the levy calculation. These are listed below.
2010/11
The following deadlines apply to the 2010/11 levy year:
- 5pm on 30 March 2009 for providing information to D&B regarding sponsoring employers’ failure scores
- 5pm on 31 March 2009 for updating Exchange with levy-related information (except where set out below)
- 5pm on 30 June 2009 for final certification of full and partial block transfers that have taken place up to and including 31 March 2009
- 5pm on 31 March 2010 for certification/re-certification of contingent assets
- 5pm on 9 April 2010 for deficit reduction contributions
- 5pm on 30 June 2010 for final certification of full block transfers that have taken place up to and including 31 March 2010.
Submission of certificates for contingent assets, deficit reduction contributions and block transfers will be supported by Exchange.
Please note it is our general policy to enforce deadlines strictly, even where the Board has discretion in the matter, and missing them may have adverse consequences for schemes.
2011/12
The provisional deadlines for the 2011/12 levy year are:
- 5pm on 30 March 2010 for providing information to D&B regarding sponsoring employers’ failure scores
- 5pm on 31 March 2010 for updating Exchange with levy-related information (except where set out below)
- 5pm on 30 June 2010 for final certification of partial block transfers that have taken place up to and including 31 March 2010.
- 5pm on 31 March 2011 for certification/re-certification of contingent assets
- 5pm on 7 April 2011 for deficit reduction contributions
- 5pm on 30 June 2011 for final certification of full block transfers that have taken place up to and including 31 March 2011.
We strongly encourage schemes to contact D&B about their sponsoring employers’ failure scores, and to begin work on risk reduction measures and the related voluntary certificates, at the earliest opportunity.