# The Income Tax (Pay As You Earn) Regulations 2003, Regulation 147E: Calculation of monthly levy allowance


(1) This regulation applies where the monthly levy allowance falls to be calculated by a person.
(2) Subject to regulations 147F and 147G, the monthly levy allowance is an amount equal to—
NPwhere—
N is the levy allowance for the tax year, and
P is twelve.
(3) Subject to regulations 147F and 147G, the monthly cumulative levy allowance is an amount equal to the monthly levy allowance aggregated in accordance with the tax month within the tax year as shown in the table below.
Table 1
Relevant month in the tax year
Monthly cumulative levy allowance
Month 1
£1,250
Month 2
£2,500
Month 3
£3,750
Month 4
£5,000
Month 5
£6,250
Month 6
£7,500
Month 7
£8,750
Month 8
£10,000
Month 9
£11,250
Month 10
£12,500
Month 11
£13,750
Month 12
£15,000

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Source: https://www.legislation.gov.uk/uksi/2003/2682/regulation/147E (the official version)
Page: https://openlegislation.uk/income-tax-pay-as-you-earn-regulations-2003/regulation-147E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.