# The Income Tax (Employments) (Amendment) Regulations 1999, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations, which come into force on 6th April 1999, amend the Income Tax (Employments) Regulations 1993 (S.I. 1993/744) (“the principal Regulations”) by inserting a new regulation (46ZA) in those Regulations. The inserted regulation requires an employer or former employer to give details to the Inland Revenue of any award of payments combined with other benefits, or consisting solely of other benefits, in connection with the termination of a person’s employment or any change in the duties of his employment or emoluments from his employment where the total amount of the payments and other benefits exceeds £30,000 (“relevant payments and other benefits”), and to give the same details to the employee or former employee concerned. The inserted regulation reflects the new provision charging relevant payments and other benefits to tax which was introduced by section 58 of the Finance Act 1998 as the substituted section 148 of the Income and Corporation Taxes Act 1988 and which has effect for the year of assessment ending 5th April 1999 and subsequent years of assessment.
Regulation 1 provides for citation and commencement, and regulation 2 for interpretation.
Regulation 3 inserts regulation 46ZA in the principal Regulations so as to require details of relevant payments and other benefits awarded in any year of assessment to be given to the Inland Revenue and the employee concerned.

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Source: https://www.legislation.gov.uk/uksi/1999/70/note (the official version)
Page: https://openlegislation.uk/income-tax-employments-amendment-regulations-1999/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.