Regulation 2 Specified deductions

(1)

The deductions set out in paragraph (2) are specified for the purposes of—

(a)

paragraph 15D(3)(c) of Schedule 6 to the Insolvency Act 1986^f1,

(b)

paragraph 8A(3)(c) of Schedule 3 to the Bankruptcy (Scotland) Act 2016 (asp 21)^f2,

(c)

and paragraph 22(3)(c) of Schedule 4 to the Insolvency (Northern Ireland) Order 1989^f3.

(2)

The deductions are—

(a)

deductions under section 61 (deductions on account of tax from contract payments) of the Finance Act 2004^f4,

(b)

deductions under paragraph 6(1)(b) (deduction of earnings-related contributions) of Schedule 4 to the Social Security (Contributions) Regulations 2001^f5,

(c)

deductions under regulation 21 (deduction and repayment of tax by reference to employee’s code) of the Income Tax (Pay As You Earn) Regulations 2003^f6, and

(d)

deductions under regulation 50 (deductions of repayments) of the Education (Student Loans) (Repayment) Regulations 2009^f7.

Annotations

Footnotes

f1: 1986 c. 45; paragraph 15D of Schedule 6 was inserted by section 98(2) of the Finance Act 2020.
f2: 2016 asp 21; paragraph 8A of Schedule 3 was inserted by section 98(4) of the Finance Act 2020.
f3: S.I. 1989/2405 (N.I. 19); paragraph 22 of Schedule 4 was inserted by section 98(6) of the Finance Act 2020.
f4: 2004 c. 12.
f5: S.I. 2001/1004; paragraph 6(1) was amended by S.I. 2004/770.
f6: S.I. 2003/2682.
f7: S.I. 2009/470; regulation 50 was amended by S.I. 2012/836, 2017/831 and 2018/599.