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Regulation 105 HMRC and employer may make PSAF5I1

United Kingdom

(1)

F1HMRC and an employer may agree that paragraph (2) applies in respect of income tax on qualifying general earnings of the employer’s employees for a tax year F2and for any subsequent tax years.

(2)

In relation to qualifying general earnings included in the agreement, the employer is—

(a)

accountable to F3HMRC in accordance with the terms of the agreement and this Part, and

(b)

not accountable in accordance with the rest of these Regulations.

(3)

Such an agreement is referred to as a PAYE settlement agreement (“PSA”).

F4(4)

A PSA will continue to have effect until cancelled.

Annotations

Textual amendments

F1

Words in reg. 105(1) substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 7(b)(i)

F2

Words in reg. 105(1) inserted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 7(b)(ii)

F3

Word in reg. 105(2)(a) substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 7(c)

F4

Reg. 105(4) inserted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 7(d)

F5

Word in reg. 105 heading substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 7(a)

Commencement

I1

Reg. 105 in force at 6.4.2004, see reg. 1