Regulation 2 Amendments of Schedule 1 to the principal Regulations

After Regulation 2 (interpretation) there shall be inserted the following Regulation—

“Multiple employers

2A

Where an employer has made an election under Regulation 2A of the Income Tax Regulations^f1 to be treated as a different employer in respect of each group of employees specified in the election, he shall be treated as having made an identical election for the purposes of these Regulations.”.

At the end of Regulation 30^f2 there shall be added the following paragraph—

“(7)

Section 98A of the Taxes Management Act 1970 (penalties for late, fraudulent or negligent returns)^f3 as modified by the provisions of paragraph 5A of Schedule 1 to the Social Security Act 1975^f4 shall apply in relation to the requirement to make a return contained in paragraph (1) of this Regulation.”.

At the end of Regulation 51^f5 there shall be added the following paragraph—

“(10)

Section 98A of the Taxes Management Act 1970 (penalties for late, fraudulent or negligent returns)^f6 as modified by the provisions of paragraph 5A of Schedule 1 to the Social Security Act 1975^f7 shall apply in relation to the requirement to make a return contained in paragraph (6) of this Regulation.”.