PART 7 U.K.SPECIAL CASES

[F1 CHAPTER 2A U.K.SOCIAL SECURITY LUMP SUMS

Textual Amendments

F1 Pt. 7 Ch. 2A added (6.4.2006) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2006 (S.I. 2006/243), regs. 1, 3

Application of other Parts U.K.

133B.— (1) Parts 2 (codes) and 3 (deduction and repayment of tax) do not apply to lump sums.

(2) The rest of these Regulations apply as if Her Majesty’s Revenue and Customs had issued a code in respect of a social security pension lump sum at either—

(a) the rate notified to the Department by the recipient pursuant to regulation 133D, or

(b) [F2 20%], if the recipient has not notified the Department of a rate.]

Textual Amendments

F2 Word in reg. 133B(2)(b) substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 18