# The Income Tax (Pay As You Earn) Regulations 2003, Regulation 121: Regulations apply as if basic rate option were issue of code

Extent: E+W+S+N.I.

If a councillor exercises the basic rate option, these Regulations apply as if the Inland Revenue had issued the basic rate code in respect of the allowances.

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Source: https://www.legislation.gov.uk/uksi/2003/2682/regulation/121 (the official version)
Page: https://openlegislation.uk/income-tax-pay-as-you-earn-regulations-2003/regulation-121
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.