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

(1)

Amend regulation 70 (quarterly tax periods)^f1 as follows.

(2)

After paragraph (1) insert—

“(1A)
But this regulation does not apply, so that the tax period remains a month, in respect of amounts of retrospective employment income.”.

(3)

In paragraph (3)—

(a)

in the definition of “P”^f2 after “regulation 68” insert “but disregarding any amount payable in respect of retrospective employment income”;

(b)

in the definition of “N”^f3 after sub-paragraph (a) insert—

“(aa)
any amount payable under retrospective contributions regulations (see paragraph 1(2) of Schedule 4 to the SSC Regulations) in respect of retrospective earnings (within the meaning of those Regulations);”.

Annotations

Footnotes

f1: Regulation 70 was amended by regulation 3 of S.I. 2006/777.
f2: This definition was amended by regulation 3(b)(i) of S.I. 2006/777.
f3: This definition was amended by regulation 3(b)(iii) of S.I. 2006/777.