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Regulation 15 First payment in the year

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where the payment of emoluments is the first payment in the year—

(a)

the employer shall deduct the cumulative tax from the emoluments on making the payment in question, and paragraphs (2) to (4) of regulation 14 shall not apply, but

(b)

the deduction shall not exceed the overriding limit.