Regulation 147B Interpretation of Part 7AF1
In this Part—
“monthly pay bill” means the total amount of earnings paid by a person in a tax month on which Class 1 secondary contributions F2would be payable but for the condition in section 6(1)(b) of the Contributions and Benefits Act (liability for Class 1 contributions).
Annotations
Textual amendments
- F1
Pt. 7A inserted (6.4.2017) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2017 (S.I. 2017/414), regs. 1, 3
- F2
Words in reg. 147B substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 21