Regulation 12 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In regulation 61LA^f1 (modification of the general rule: failure to make good benefit of credit-token) in paragraph (2)—

(a)

after each occurrence of “cash equivalent” in Step 1 insert “or relevant amount”, and

(b)

after “section 94” insert “or 94A”.

Annotations

f1: Regulation 61LA was inserted by the Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2016, S.I. 2016/1137.