(This note is not part of the Regulations)
These Regulations amend the Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009, No. 128) (“the principal Regulations”). The principal Regulations govern the repayment of income-contingent student loans paid to students under Articles 3(2) to (5) and 8(4) of the Education (Student Support) (Northern Ireland) Order 1998.
Regulations 3 to 10 amend the principal Regulations.
Regulations 4 and 9 substitute new penalties, for dishonest conduct of tax agents, for those in the principal Regulations.
Regulation 5 amends the definition of Real Time Information employers to exclude certain employers from becoming Real Time Information employers from 6 April 2013.
Regulations 6 and 10 amend how penalties are imposed where there is a failure to make returns under regulations 54B or 54E of the principal Regulations.
Regulation 7 inserts new regulations 54BA and 54BB into the principal Regulations. New regulations 54BA and 54BB make provision for exceptions from the requirement in regulation 54B to deliver information on or before the making of a payment.
Regulation 8 amends regulation 54E to extend the time limit and the categories of employers who are not required to deliver information to Her Majesty’s Revenue and Customs regarding a payment on or before making the payment to employees. The employers specified in regulation 54E(1), which include those employers whom Her Majesty’s Revenue and Customs has directed are unable to file using an approved method of electronic communications, are for the tax year 2013-14 entitled to file in accordance with the provisions in the principal Regulations which do not relate to Real Time Information employers.
Regulation 9 removes the requirement to specify the tax year to which the return relates, as it is unnecessary.
Regulation 11 makes changes to how the value of income-related instalments is determined for loans where the borrower is not resident in the UK.
Regulation 12 amends a reference to the World Bank.