# The Income Tax (Pay As You Earn) Regulations 2003, Regulation 133D: Notification by Recipient of Notice of Tax Rate


(1) The recipient shall notify the Department that he considers the nil tax code should be applied to the lump sum or that one of the following rates should be used—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) 20%, or
(c) 40%,
in accordance with section 7(5) of the Act.
(2) Notification shall be in the form, and made within the period, specified by the Department.

---
Source: https://www.legislation.gov.uk/uksi/2003/2682/regulation/133D (the official version)
Page: https://openlegislation.uk/income-tax-pay-as-you-earn-regulations-2003/regulation-133D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.