The Income Tax (Employments) (No. 23) Regulations 1992

Amendments to the principal Regulations

3.  In regulation 2(1)(1)—

(a) before the definition of “allowable charitable gifts” there shall be inserted—

““additional pay” means the appropriate amount required by a code authorisation to be added to the emoluments paid to an employee in order to determine the taxable emoluments;”;

(b) in the definition of “code” after the words “free emoluments” there shall be inserted the words “or additional pay”;

(c) after the definition of “Collector” there shall be inserted—

• ““cumulative additional pay”, in relation to any date, means the sum of the additional pay from the beginning of the year up to and including that date;”;

(d) in the definition of “cumulative taxable emoluments” after the words “free emoluments” there shall be added the words “or, as the case may be, increased by the cumulative additional pay”;

(e) after the definition of “Inspector” there shall be inserted—

““overriding limit” means the limit on the amount of tax to be deducted from a payment of emoluments where the tax due in accordance with the appropriate tax tables in respect of any taxable emoluments at the relevant date has been calculated by reference to additional pay, and that limit shall be an amount equal to 50 per cent. of the amount of the emoluments paid;”;

(f) after the definition of “reliefs from income tax” there shall be inserted—

““tax not deducted” means tax due in accordance with the appropriate tax tables in respect of any taxable emoluments at the relevant date which as a consequence of the overriding limit has not been deducted;”;

(g) in the definition of “taxable emoluments” after the words “free emoluments” there shall be added the words “or, as the case may be, increased by additional pay”.

(1)

Regulation 2 was amended by S.I. 1974/2102, 1976/381, 1981/44, 1982/66, 1986/2212, 1991/1080 and 1992/1059.