The Income Tax (Pay As You Earn) Regulations 2003

[F1Apportionment of levy allowance between employer’s PAYE referencesU.K.

147F.—(1) This regulation applies where a person has more than one employer’s PAYE reference in respect of its employees.

(2) The person may elect to apportion their annual entitlement of levy allowance amongst the employer’s PAYE references mentioned in paragraph (1) in accordance with the proportions they choose.

(3) The monthly levy allowance for each employer’s PAYE reference is an amount equal to one twelfth of the annual apportioned entitlement for that reference.

(4) The person must notify HM Revenue and Customs of the election mentioned in paragraph (2) with their first return of the apprenticeship levy.]

Textual Amendments