Regulation 14 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In regulation 86 (information employer must provide for each employee)—

(a)

in paragraph (1)—

(i)

in sub-paragraph (c) for the words “section” to “as earnings)” substitute “section 87(1) (benefit of non-cash voucher treated as earnings) or 87A(1) (benefit of non-cash voucher treated as earnings: optional remuneration arrangements) of ITEPA”,

(ii)

in sub-paragraph (d) for the words “section” to “as earnings)” substitute “section 94(1) (benefit of credit-token treated as earnings) or 94A(1) (benefit of credit-token treated as earnings: optional remuneration arrangements) of ITEPA”, and

(iii)

in sub-paragraph (f) for the words “section” to “as earnings)” substitute “section 102 (benefit of living accommodation treated as earnings) or 103A (accommodation provided pursuant to optional remuneration arrangements: relevant amount) of ITEPA;”,

(b)

in paragraph (3)—

(i)

substitute the words “577(1) of ICTA” with “356(1) of ITEPA”, and

(ii)

after “inclusion” omit the words “as mentioned in section 577(1)(a) of that Act”.