Explanatory note

These Regulations amend the Charitable Deductions (Approved Schemes) Regulations 1986 (S.I. 1986/2211) (“the principal Regulations”).

Regulation 1 provides for commencement, citation and effect, and regulation 2 for interpretation.

Regulation 3 amends regulation 3 of the principal Regulations by adding a new condition for the approval by the Board of Inland Revenue of payroll deduction schemes under section 202 of the Income and Corporation Taxes Act 1988 (c. 1). The new condition is that the scheme provides that an agency will pay to the charity or charities the sums paid to it by the employer pursuant to the scheme not later than the last day on which it should pay those sums under regulation 4A of the principal Regulations (inserted by regulation 4 of these Regulations).

Regulation 4 inserts a new regulation 4A in the principal Regulations relating to the period of time within which the sums paid to it by the employer are to be paid to the charity or charities by an agency. This regulation overrides any contrary provision in existing schemes.

Regulation 5 amends regulation 9(3) of the principal Regulations so as to provide that an agency which does not comply with new regulation 4A of the principal Regulations must inform the Board of Inland Revenue by furnishing a statement of those sums and the reasons why it has not done so.