Amendment of the Income Tax (Pay as You Earn) Regulations 200316.
(1)
Amend regulation 82 (interest on tax overdue) as follows.
(2)
In paragraph (8), at the beginning insert “Except where tax is due in respect of a closed tax year by virtue of a retrospective tax provision,”.
(3)
After that paragraph add—
“(9)
Where tax is due in respect of a closed tax year by virtue of a retrospective tax provision, the “reckonable date” means 14 days after the end of the tax month following that in which the retrospective tax provision is passed.”.