Inland Revenue and employer may make PSAU.K.
105.—(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”).