Regulation 45 Mandatory electronic paymentI1
United Kingdom
A contractor who is a large employer within the meaning of regulation F2198A (large employers) of the PAYE Regulations must pay the specified payment using an approved method of electronic communications.
Paragraph (1) applies regardless of whether a payment of tax is due under regulation F367G or 68 of the PAYE Regulations (payment and recovery of tax by employer).
If the Commissioners for Her Majesty’s Revenue and Customs have given directions under regulation 199(3) of the PAYE Regulations in relation to a contractor, the specified payment must be made in accordance with those directions.
A specified payment is not treated as received in full by Her Majesty’s Revenue and Customs on or before the date by which that specified payment is required in accordance with regulation 7 unless it is made in a manner which secures (in a case where the specified payment is made otherwise than in cash) that, on or before that date, all transactions can be completed which need to be completed before the whole amount of the specified payment becomes available to the Commissioners for Her Majesty’s Revenue and Customs.
Annotations
Textual amendments
- F1
Reg. 45(1) substituted (in relation to the tax year 2010-11 and subsequent tax years) by The Income Tax (Construction Industry Scheme) (Amendment) Regulations 2010 (S.I. 2010/717), regs. 1(1)(3), 5(a)
- F2
Words in reg. 45(1) substituted (in relation to the tax year 2011-12 and subsequent tax years) by The Income Tax (Construction Industry Scheme) (Amendment) Regulations 2010 (S.I. 2010/717), regs. 1(1)(2), 5(b)
- F3
Words in reg. 45(2) inserted (6.4.2012) by The Income Tax (Construction Industry Scheme) (Amendment) Regulations 2012 (S.I. 2012/820), regs. 1, 6
- F4
Reg. 45(4) inserted (in relation to the tax year 2010-11 and subsequent tax years) by The Income Tax (Construction Industry Scheme) (Amendment) Regulations 2010 (S.I. 2010/717), regs. 1(1)(3), 5(c)