The Income Tax (Pay As You Earn) Regulations 2003

[F1 Notification by Recipient of Notice of Tax Rate U.K.

133D.— (1) The recipient shall notify the Department that he considers the nil tax code should be applied to the lump sum or that one of the following rates should be used—

(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) [F2 20%], or

(c) [F3 40%],

in accordance with section 7(5) of the Act.

(2) Notification shall be in the form, and made within the period, specified by the Department.]

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

F2 Word in reg. 133D(1)(b) substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 20(a)

F3 Word in reg. 133D(1)(c) substituted (6.4.2018) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2018 (S.I. 2018/267), regs. 1, 20(b)