Savings (Government Contributions) Act 2017 Schedule 2 paragraph 2

HMRC responsibility for bonus payments

Schedule 2 paragraph 2 establishes that HM Revenue and Customs (HMRC) is the body responsible for paying and managing the government bonuses on Help to Save accounts.

• HMRC is assigned responsibility for the payment of government bonuses on Help to Save accounts
• HMRC is also responsible for the ongoing management of those bonus payments
• This responsibility is subject to the overarching framework set out in section 2 of the Act, which governs government contributions to Help to Save accounts
• This provision ensures there is a clearly designated public body accountable for administering the bonus scheme