PART 6PAYE SETTLEMENT AGREEMENTS
Variation and cancellation of PSA
Cancellation of PSA114.
F1(1)
Either HMRC or the employer may cancel a PSA.
(2)
Cancellation must be effected by F2a notice in writing to the other party.
(3)
A cancellation comes into effect from the date of the notice.
(4)
If a PSA is cancelled, this Part does not apply to general earnings—
(a)
to which the cancelled PSA related, and
(b)
which are paid, or (as the case may be) provided or made available, after the employer receives notice of the cancellation.
F3(5)
In paragraph (2) “in writing” includes electronic communications.