Regulation 7 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In regulation 161(5) (tax calculation) for the definition of “claimant’s total tax” substitute—

• ““claimant’s total tax” means the lesser of—

  1. (a)

     50% of the claimant’s total payments to date, and

  2. (b)

     the tax due in accordance with the appropriate tax tables in respect of the claimant’s total taxable payments to date at the relevant date;”.