PART 4PAYMENTS, RETURNS AND INFORMATION
CHAPTER 1PAYMENT OF TAX AND ASSOCIATED RETURNS
F1Payment and recovery of tax by employer
Payments to and recoveries from HMRC for each tax period by Real Time Information employers: returns under regulation 67E(6)67H
1
This regulation applies if, during any tax period, an employer makes a return under regulation 67E(6) (returns under regulations 67B and 67D: amendments) other than by virtue of regulation 67E(4).
F42
If the return shows—
a
an adjustment under regulation 67E(7)(a)(iii) or (iiib), or
b
an adjustment to the amount originally given under paragraph 17 of Schedule A1,
and the value of the adjustment is a positive amount, that amount is an amount due to be paid to HMRC for the final tax period of the tax year the return relates to.
3
F2If the return shows such an adjustment and the value of the adjustment is a negative amount, that amount is an amount due to be repaid to the employer for the final tax period of the tax year the return relates to and, the employer may recover that amount—
a
by setting it off against the amount the employer is liable to pay under regulation 67G for the tax period the return was made in, or
b
from the Commissioners for Her Majesty’s Revenue and Customs.
F34
Where the value of the adjustment is a negative amount, that amount is treated as having been paid to HMRC—
a
17 days after the end of the final tax period of the tax year the return relates to, if payment is made using an approved method of electronic communications, or
b
14 days after the end of the final tax period of the tax year the return relates to, in any other case.
Regs. 67B-67H and cross-headings inserted (6.4.2012) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2012 (S.I. 2012/822), regs. 1(1), 27(b) (with regs. 54-57)