Regulation 61M Information to specified employeesF1

(1)

Before 1st June following the end of the tax year in which the specified benefits have been provided, an authorised employer must provide a statement to every specified employee identifying—

(a)

every specified benefit provided to that employee during that tax year; and

(b)

the cash equivalent F2, relevant amount or amount foregone in respect of the specified benefit provided during that tax year treated as a payment of PAYE income under this Chapter.

(2)

In this regulation—

(a)

“authorised employer” includes an employer who ceased to be an authorised employer during or after the tax year; and

(b)

“specified employee” includes an employee who was a specified employee for only part of the tax year.

Annotations

Textual amendments

F1: Pt. 3 Ch. 3A inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2015 (S.I. 2015/1927), regs. 1(1), 6
F2: Words in reg. 61M(1)(b) inserted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2017 (S.I. 2017/1263), regs. 1, 13