PART 3DEDUCTION AND REPAYMENT OF TAX
F1CHAPTERÂ 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, F361K, 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.