# The Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2014, Regulation 3: Amendment of the Income Tax (Pay As You Earn) Regulations 2003


In regulation 2 (interpretation) for the definition of “overriding limit” substitute—
““overriding limit” means the limit on the amount of tax to be deducted from a relevant payment and is an amount equal to 50% of the amount of the relevant payment;”.

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Source: https://www.legislation.gov.uk/uksi/2014/2689/regulation/3 (the official version)
Page: https://openlegislation.uk/income-tax-pay-as-you-earn-amendment-no-4-regulations-2014/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.