Explanatory note

This Order comes into force on 6th May 2014 and has effect in relation to amounts which are due and payable for the tax year 2014-15 and subsequent tax year. As a consequence this Order applies to payments which are due and payable on or after 19th May 2014.

Article 3 of this Order appoints 6th May 2014 as the date on which the interest regimes contained in sections 101 and 102 of the Finance Act 2009 (c. 10) come into force. As from this date those provisions will apply for the purposes of a) income tax deducted at source under the Income Tax (Pay As You Earn) Regulations 2003 (S.I. 2003/2682), b) earnings-related contributions and c) amounts deducted under the Construction Industry Scheme in relation to amounts which are due and payable for the tax year 2014-15 or subsequent tax years.

Articles 4 to 11 make consequential amendments to various Acts and Regulations to reflect the fact that tax due on income tax deducted at source, earnings-related contributions and amounts deducted under the Construction Industry Scheme are now within the harmonised interest regimes in sections 101 to 103 of the Finance Act 2009.

A Tax Information and Impact Note has not been prepared for this Instrument as it gives effect to previously announced policy and it is an appointed day order.