Regulation 9 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In regulation 108 (calculation of tax payable under PSA)^f1—

(a)

for paragraph (1) substitute—

“(1)
A PSA must provide that the employer is accountable to HMRC for the income tax due.”,

(b)

after paragraph (1) insert—

“(1A)
A PSA must provide for the sums due to be—

(a)
computed annually in accordance with the factors specified in paragraph (2), and

(b)
comprised of the amounts specified in paragraph (3)”,

(c)

in paragraph (2)—

(i)

in sub-paragraph (d)(i), for “PSA” substitute “computation”,

(ii)

at the end of paragraph (iii) insert “and”, and

(iii)

after paragraph (iii) insert—

“(iv)
at any Scottish rate^f2 applicable for the tax year to which the computation relates;”, and

(d)

in paragraph (3), for “paragraph (1)(b)” substitute “paragraph (1A)(b)”.

Annotations

Footnotes

f1: Regulation 110 was amended by the Income Tax (Pay As You Earn) (Amendment) Regulations 2010, S.I. 2010/668.
f2: “Scottish rate” is defined for the purposes of the Income Tax Acts in section 989 of the Income Tax Act 2007 (c.3).