{
  "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988",
  "json_url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988.json",
  "id": "uksi/1988/640",
  "title": "The Profit-Related Pay (Shortfall Recovery) Regulations 1988",
  "short_title": "Profit-Related Pay (Shortfall Recovery) 1988",
  "long_title": "These Regulations, which come into force on 19th April 1988, provide for the collection and recovery of an amount equal to the shortfall of deductions made under PAYE where:payments of profit-related pay have been made to employees in accordance with a profit-related pay scheme registered in accordance with the Finance (No. 2) Act 1987, (for 1988/89 and subsequent years Chapter III of Part V, Income and Corporation Taxes Act 1988);in consequence of the relief given by that Act less PAYE tax has been deducted from the payments made to the employees than would have been deducted if the scheme had not been registered; andthe registration of the scheme is subsequently cancelled with effect from a time before the relief was given.",
  "citation": "S.I. 1988/640",
  "type": "uksi",
  "year": "1988",
  "number": "640",
  "version": "current",
  "date": "1988-03-29",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 2,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
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      "heading": "Interpretation",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Information",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Recovery",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Evidence",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Determinations",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Death of a scheme employer",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-7",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Adjustment to employee’s total net tax for the year",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/regulation-8",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
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      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/note",
      "extent": null,
      "status": null,
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    }
  ],
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      "date": "2023-11-22",
      "size": 307039,
      "url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/pdf/uksi_19880640_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/1988/640/pdfs/uksi_19880640_en.pdf"
    }
  ],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "reg.8",
      "affecting": "uksi/1993/2276",
      "affecting_title": "The Income Tax (Employments) (Amendment) Regulations 1993",
      "affecting_provisions": "reg.14"
    },
    {
      "type": "revoked",
      "affected_provisions": "Instrument",
      "affecting": "uksi/1995/917",
      "affecting_title": "The Profit–Related Pay (Shortfall Recovery) Regulations 1995",
      "affecting_provisions": "reg.9(1)"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1970/10",
      "title": "Income and Corporation Taxes Act 1970 (repealed 6.4.1992)",
      "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1970-repealed-641992",
      "provisions": [
        "section/204"
      ]
    }
  ],
  "changes_made_to": 2,
  "changes_made_to_url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/changes.json",
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  "instruments_made_under_url": "https://openlegislation.uk/profit-related-pay-shortfall-recovery-regulations-1988/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/640",
    "retrieved_at": "2026-10-29T16:08:27.793968+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}