Amendment of the Income Tax (Pay as You Earn) Regulations 200314

1

Amend regulation 70 (quarterly tax periods)7 as follows.

2

After paragraph (1) insert—

1A

But this regulation does not apply, so that the tax period remains a month, in respect of amounts of retrospective employment income.

3

In paragraph (3)—

a

in the definition of “P”8 after “regulation 68” insert “but disregarding any amount payable in respect of retrospective employment income”;

b

in the definition of “N”9 after sub-paragraph (a) insert—

aa

any amount payable under retrospective contributions regulations (see paragraph 1(2) of Schedule 4 to the SSC Regulations) in respect of retrospective earnings (within the meaning of those Regulations);