Section 703 Introduction

United Kingdom

This Chapter provides—

(a)

for employers to make agreements with F1Her Majesty's Revenue and Customs (“PAYE settlement agreements”) under which they agree to be accountable to the F2Commissioners for sums in respect of income tax on general earnings of their employees; and

(b)

for such earnings to be treated for certain purposes of the Income Tax Acts as excluded from the employees' income.

Annotations

Textual amendments

F1: Words in s. 703(a) substituted (with effect in accordance with s. 6(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 6(1)
F2: Words in s. 703 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(3)(j); S.I. 2005/1126, art. 2(2)(h)

Notes on Part 11

Modifications

C1: Pt. 11 power to amend or repeal conferred (21.7.2009) by Finance Act 2009 (c. 10), Sch. 58 para. 10