Income Tax (Earnings and Pensions) Act 2003 (c. 1)

Part 11 U.K. Pay As You Earn

Modifications etc. (not altering text)

C1 Pt. 11 power to amend or repeal conferred (21.7.2009) by Finance Act 2009 (c. 10), Sch. 58 para. 10

Chapter 5 U.K. PAYE settlement agreements

703 Introduction U.K.

This Chapter provides—

(a) for employers to make agreements with [F1 Her Majesty's Revenue and Customs] (“PAYE settlement agreements”) under which they agree to be accountable to the [F2 Commissioners] for sums in respect of income tax on general earnings of their employees; and

(b) for such earnings to be treated for certain purposes of the Income Tax Acts as excluded from the employees' income.

Textual Amendments

F1 Words in s. 703(a) substituted (with effect in accordance with s. 6(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 6(1)

F2 Words in s. 703 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(3)(j); S.I. 2005/1126, art. 2(2)(h)