Regulation 3 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In regulation 61A^f1 (interpretation)—

(a)

before the definition of “authorised employer” insert—

““amount foregone” has the meaning given in section 69B^f2 of ITEPA;”,

(b)

after the definition of “making good payment” insert—

““optional remuneration arrangements” has the meaning given in section 69A^f3 of ITEPA;”

“relevant amount” means the amount calculated in accordance with section 87A, 94A, 120A, 154A or 203A^f4 of ITEPA, as the case may be;”, and

(c)

in the definition of “specified benefit”^f5—

(i)

after paragraph (a) insert—

“(aa)
section 87A (benefit of non-cash voucher treated as earnings: optional remuneration arrangements),”,

(ii)

after paragraph (b) insert—

“(ba)
section 94A (benefit of credit-token treated as earnings: optional remuneration arrangements),”,

(iii)

after paragraph (c) insert—

“(ca)
section 120A (benefit of car treated as earnings: optional remuneration arrangements),”,

(iv)

after paragraph (d) insert—

“(da)
section 149A (benefit of car fuel treated as earnings: optional remuneration arrangements),”,

(v)

after paragraph (e) insert—

“(ea)
section 154A (benefit of a van treated as earnings: optional remuneration arrangements),”,

(vi)

after paragraph (f) insert—

“(fa)
section 160A (benefit of van fuel treated as earnings: optional remuneration arrangements),”,

(vii)

after paragraph (g) insert—

“(ga)
section 203A (employment-related benefit provided under optional remuneration arrangements);”.

Annotations

Footnotes

f1: Regulations 61A to 61M were inserted by the Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2015, S.I. 2015/1927.
f2: Section 69B was inserted into ITEPA by paragraph 1 of Schedule 2 to the Finance Act 2017 (c. 10).
f3: Section 69A was inserted into ITEPA by paragraph 1 of Schedule 2 to the Finance Act 2017 (c. 10).
f4: Sections 87A, 94A, 103A, 120A, 121A, 149A, 154A, 160A and 203A were inserted into ITEPA respectively by paragraphs 5, 6, 15, 22, 23, 35, 37, 40 and 48 of Schedule 2 to the Finance Act 2017 (c. 10).
f5: The definition of “specified benefit” was substituted by the Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2016, S.I. 2016/1137.