PART 3DEDUCTION AND REPAYMENT OF TAX
F3CHAPTERÂ 3ABENEFITS IN KIND
PAYE: benefits in kind61B
1
This Chapter applies where during a tax year an authorised employer provides a specified benefit to a specified employee.
2
Where this Chapter applies—
a
the specified benefit is to be treated as a payment of PAYE income for the purposes of these Regulations; and
b
any reference (howsoever expressed) in these Regulations to relevant payment includes an amount in respect of the provision of a specified benefit, such amount to be determined in accordance with regulations 61D, 61H, 61I, 61J, F261K, 61L and 61LA, as the case may be;
but this is subject to paragraph (3).
3
An amount determined in accordance with regulation 61D, 61H, 61I, 61J, F161K, 61L or 61LA, as the case may be, is not to be included as a relevant payment for the purpose of calculating whether the deduction of tax would exceed the overriding limit.
Pt. 3 Ch. 3A inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2015 (S.I. 2015/1927), regs. 1(1), 6