21.—(1) Regulation 82 (interest on tax overdue) has effect with the following modifications where the tax year in respect of which tax is unpaid is—
(a)the tax year ending 5th April 1993, or
(b)a tax year ending after 5th April 1993 but on or before 5th April 2004.
(2) In paragraph (1) for “the total net tax payable in respect of a tax year” substitute “the total net tax deductible by him in respect of all of his employees during a tax year”.
(3) In paragraph (4) for “a direction made under [F1regulation 72(5), 72F] or 81(4)” substitute “a direction made under regulation 42(2) or (3) or 49(5) of the 1993 Regulations(1) or regulation 72(5) or 81(4) of these Regulations”.
(4) Omit paragraph (6).
(5) For paragraph (8) substitute—
“(8) The “reckonable date” means 14 days after the end of the tax year.”
(6) After that paragraph insert—
“(9) “The 1993 Regulations” means the Income Tax (Employments) Regulations 1993.”
Textual Amendments
F1Words in Sch. 1 para. 21(3) substituted (6.4.2008) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2008 (S.I. 2008/782), regs. 1, 17
Commencement Information
I1Sch. 1 para. 21 in force at 6.4.2004, see reg. 1