SCHEDULES

SCHEDULE 11Employment income provided through third parties: loans etc outstanding on 5 April 2019

PART 2Approval of a qualifying loan etc.

24Accelerated payments

1

The relevant person may make an application to the Commissioners for Her Majesty’s Revenue and Customs for P to be treated—

a

as taking the relevant step only if the condition in sub-paragraph (2) is met, and

b

as doing so not at the time given by paragraph 1(2) but immediately before—

i

the end of the 30 days beginning with the date on which the condition in sub-paragraph (2) becomes met, or

ii

if later, the end of 5 April 2019.

2

The condition is that, on the withdrawal of the accelerated payment notice or on the determination of an appeal, any part of the accelerated payment is repaid.

3

Subject to sub-paragraph (4), an application under sub-paragraph (1) may be made in 2018.

4

An application may be made after 2018 if an officer of Revenue and Customs considers it is reasonable in all the circumstances for the relevant person to make a late application.

5

An application must be made in such form and manner, and contain such information, as may be specified by, or on behalf of, the Commissioners for Her Majesty’s Revenue and Customs.

6

An officer of Revenue and Customs must notify the applicant of the decision on an application under this paragraph.

7

A favourable decision on an application under this paragraph may be revoked by an officer of Revenue and Customs if the officer considers that—

a

information provided in making the application contained an inaccuracy, and

b

the inaccuracy was deliberate on the applicant’s part.

8

Where the decision on an application is revoked under sub-paragraph (7), the application is to be treated as having been refused at the outset.