593 Relief by way of deductions from contributions.U.K.
M1(1)Relief under section 592(7) shall be given in accordance with subsections (2) and (3) below in such cases and subject to such conditions as the Board may prescribe by regulations under section 612(3) in respect of schemes—
(a)to which employees, but not their employers, are contributors; and
(b)which provide benefits additional to benefits provided by schemes to which their employers are contributors.
(2)An employee who is entitled to relief under section 592(7) in respect of a contribution may deduct from the contribution when he pays it, and may retain, an amount equal to income tax at the basic rate on the contribution.
(3)The administrator of the scheme—
(a)shall accept the amount paid after the deduction in discharge of the employee’s liability to the same extent as if the deduction had not been made; and
(b)may recover an amount equal to the deduction from the Board.
(4)Regulations under subsection (3) of section 612 may, without prejudice to the generality of that subsection—
(a)provide for the manner in which claims for the recovery of a sum under subsection (3)(b) above may be made;
(b)provide for the giving of such information, in such form, as may be prescribed by or under the regulations;
(c)provide for the inspection by persons authorised by the Board of books, documents and other records.
Modifications etc. (not altering text)
C1 See S.I. 1987 No.1749 (in Part III Vol.5).
C2 See S.I. 1987 No.1749 (in Part III Vol.5).
Marginal Citations
M1Source-1970(F) Sch.5 Part II 6A; 1987 (No.2) Sch.3 12