The Income Tax (Pay As You Earn) Regulations 2003 No. 2682

PART 1 INTRODUCTION

Interpretation

Net PAYE income

3.—(1) “Net PAYE income” means PAYE income less any—

(a) allowable pension contributions, and

(b) allowable donations to charity.

(2) In paragraph (1)—

“allowable pension contributions” means any contribution towards a scheme which is withheld from the payment of PAYE income and for which a deduction must be allowed from employment income under section 592(7) or 594(1) of ICTA(1) (exempt approved schemes and exempt statutory schemes);

“allowable donations to charity” means any donation which is withheld from the payment of PAYE income and for which a deduction must be allowed under section 713 of ITEPA (donations to charity: payroll deduction scheme).

(1)

Section 592(7) was substituted by paragraph 72 of Schedule 6 to ITEPA; section 594(1) was amended by paragraph 6(2) of Schedule 6 to the Finance Act 1989 and paragraph 73 of Schedule 6 to ITEPA.