PART 6PAYE SETTLEMENT AGREEMENTS
Making and effect of PSA
Inland Revenue and employer may make PSAI1105
1
The Inland Revenue and an employer may agree that paragraph (2) applies in respect of income tax on qualifying general earnings of the employer’s employees for a tax year.
2
In relation to qualifying general earnings included in the agreement, the employer is—
a
accountable to the Board of Inland Revenue in accordance with the terms of the agreement and this Part, and
b
not accountable in accordance with the rest of these Regulations.
3
Such an agreement is referred to as a PAYE settlement agreement (“PSA”).