Regulation 75 Repayment to recipient during the year
A fund shall not repay tax deducted from a payment of holiday pay to a recipient.
On application being made to him by the recipient, the inspector may make such repayment to the recipient as may be appropriate at any time during the year having regard to the matters specified in paragraph (3).
The matters specified in this paragraph are—
the holiday pay of the recipient (or of the individual in respect of whose right the recipient is paid) for the period from the beginning of the year up to and including the date of that application,
the amount of tax deducted from that holiday pay as evidenced by certificates of pay and tax supplied under regulation 74, and
any reliefs from income tax to which the recipient is (or the individual in respect of whose right the recipient is paid was) entitled, his income for the year from all other sources and his liability to tax on that income, as estimated by the inspector.