Paragraph 12

(1)

Section 689 of ITEPA 2003 (PAYE: employee of non-UK employer) is amended in accordance with this paragraph.

(2)

In subsection (4), in the words before paragraph (a), after “employee,” insert “ and if the case is not within subsection (4A), ”.

(3)

After subsection (4) insert—

“(4A)
A case is within this subsection if—
(a)
the section concerned is section 687A or 695A (employment income under Part 7A), and
(b)
the relevant step concerned is within paragraph 1 of Schedule 11 to F(No. 2)A 2017 (loans etc outstanding on 5 April 2019).
(And this section does not apply in a case within this subsection.)”