# The Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2007

S.I. 2007/2296 · made 2 August 2007

These Regulations correct an error in the Income Tax (Pay as You Earn) (Amendment No. 2) Regulations 2007 (S.I. 2007/2069) (“the 2007 Regulations”), which insert a new Chapter 4 into Part 4 of the Income Tax (Pay as You Earn) Regulations 2003 (S.I. 2003/2682) (“the PAYE Regulations”). The new Chapter, consisting of regulations 97A to 97L, deals with debts of managed service companies. However, regulation 97D(8) of the PAYE Regulations refers to a period of 12 months, and not (as was intended) to a period of three months. These Regulations correct that error.

Made under: Income Tax (Earnings and Pensions) Act 2003 (Section 684, Section 688A)

PDFs: Printed copy https://openlegislation.uk/income-tax-pay-as-you-earn-amendment-no-3-regulations-2007/pdf/uksi_20072296_en.pdf; Explanatory Memorandum https://openlegislation.uk/income-tax-pay-as-you-earn-amendment-no-3-regulations-2007/pdf/uksiem_20072296_en.pdf

## Introductory text

This Statutory Instrument has been made to correct an error in S.I. 2007/2069 and is being issued free of charge to all known recipients of that Statutory Instrument
INComE TAX
Made 2nd August 2007
Laid before the House of Commons 3rd August 2007
Coming into force 6th August 2007
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 684 and 688A(1) to (4) of the Income Tax (Earnings and Pensions) Act 2003 and now exercisable by them.

## 1 Citation and commencement

These Regulations may be cited as the Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2007, and shall come into force on 6th August 2007 immediately after the Income Tax (Pay as You Earn) (Amendment No. 2) Regulations 2007.

## 2 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In the Income Tax (Pay As You Earn) Regulations 2003, in regulation 97D(8) (time limits for issue of transfer notices), for “12 months” substitute “three months”.

## Signature

Dave Hartnett
Mike Hanson
Two of the Commissioners for Her Majesty’s Revenue and Customs
2nd August 2007

## Explanatory note

(This note is not part of the Regulations)
These Regulations correct an error in the Income Tax (Pay as You Earn) (Amendment No. 2) Regulations 2007 (S.I. 2007/2069) (“the 2007 Regulations”), which insert a new Chapter 4 into Part 4 of the Income Tax (Pay as You Earn) Regulations 2003 (S.I. 2003/2682) (“the PAYE Regulations”). The new Chapter, consisting of regulations 97A to 97L, deals with debts of managed service companies. However, regulation 97D(8) of the PAYE Regulations refers to a period of 12 months, and not (as was intended) to a period of three months. These Regulations correct that error.
A full regulatory impact assessment of the effect that the provisions in the Finance Act 2007 relating to managed service companies will have on the costs of business and the voluntary sector is published on HM Revenue and Customs’s website at www.hmrc.gov.uk/ria/full-ria-man-serv-coys.pdf, and is annexed to the Explanatory Memorandum which is available alongside the 2007 Regulations on the OPSI website.

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Source: https://www.legislation.gov.uk/uksi/2007/2296 (the official version)
Page: https://openlegislation.uk/income-tax-pay-as-you-earn-amendment-no-3-regulations-2007
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.