111.—(1) A PSA must be—
(a)in writing, and
(b)signed and dated by the employer and [F1HMRC].
(2) A PSA must incorporate, whether by specification or indirect reference—
(a)the qualifying general earnings included in the PSA,
(b)the method of calculation, determined in accordance with regulation 108, of the amount of income tax for which the employer is to be accountable in respect of those qualifying general earnings, and
(c)the due date by which, in accordance with regulation 109, income tax in respect of those qualifying general earnings is due and payable.
[F2(3) In paragraph (1) “in writing” includes electronic communications and “signed” includes electronic signatures.]
Textual Amendments
F1Word in reg. 111(1)(b) substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 11(a)
F2Reg. 111(3) inserted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 11(b)
Commencement Information
112.—(1) A PSA may be entered into at any time before 6th July following the end of the [F3first] tax year for which it is to have effect (“the year in question”).
(2) A PSA entered into after the beginning of the year in question cannot apply to—
(a)general earnings which, when the PSA is entered into, have been, or should have been, paid earlier in the year in question under deduction of tax in accordance with Part 3, or
(b)general earnings consisting of benefits which, when the PSA is entered into, are or were reflected in the employee’s code for the year in question in accordance with Part 2.
Textual Amendments
F3Word in reg. 112(1) inserted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 12
Commencement Information