Regulation 6 The Income Tax (Pay As You Earn) Regulations 2003

(1)

The Income Tax (Pay As You Earn) Regulations 2003^f1 are amended as follows.

(2)

In regulation 58 (procedure if no Form P45 and code not known: UK pensioners), in paragraph (7)—

(a)

in the opening words, at the end insert “a payment which”;

(b)

for sub-paragraph (a) substitute—

“(a)

is treated as taxable pension income under—

(i)

section 637G of ITEPA (trivial commutation lump sums and winding-up lump sums), or

(ii)

section 637N of that Act (trivial commutation lump sum death benefits), and”.

(c)

in sub-paragraph (b) omit “which”.

Annotations

Footnotes

f1: S.I. 2003/2682. Regulation 58 was amended by S.I. 2005/2691, 2007/2969, 2012/822 and 2013/521.