Section 704 Sums payable by employers under agreements

United Kingdom

(1)

PAYE regulations may provide—

(a)

for a person to make a PAYE settlement agreement with F1Her Majesty's Revenue and Customs; and

(b)

to such extent as may be prescribed, for that person’s accountability, and the sums to be accounted for, in respect of income tax on general earnings of that person’s employees to be determined—

(i)

in accordance with the agreement, and

(ii)

not in accordance with PAYE regulations which would apply apart from this Chapter.

(2)

Without prejudice to the generality of section 684(2), any power of the F2Commissioners to make PAYE regulations with respect to sums falling to be accounted for under such regulations includes power to make the corresponding provision with respect to sums falling to be accounted for in accordance with a PAYE settlement agreement.

Annotations

Textual amendments

F1: Words in s. 704(1)(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. 704 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(3)(k); 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