Regulation 147G Apportionment of levy allowance between employer’s PAYE references: members of a company unit or charities unitF1

(1)

This regulation applies where—

(a)

members of a company unit or charities unit (“the relevant members”) have determined what amount of levy allowance each of them is entitled to for the tax year, and

(b)

at least one of the relevant members mentioned in sub-paragraph (1)(a) has more than one employer’s PAYE reference.

(2)

The relevant members may elect to apportion their share of levy allowance amongst their respective employer’s PAYE references in accordance with the proportions they choose.

(3)

The relevant members must—

(a)

make the election mentioned in sub-paragraph (2) at the beginning of the tax year, and

(b)

notify HMRC of the election made with their first return of the apprenticeship levy.

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