Amendment of the Income Tax (Pay as You Earn) Regulations 20038.
(1)
Amend regulation 62 (deductions in respect of notional payments) as follows.
(2)
In paragraph (1) after “notional payment” insert “(including a notional payment arising by virtue of a retrospective tax provision)”.
(3)
In paragraph (2) for “the following regulations” substitute “the provisions listed in paragraph (3)”.
(4)
In paragraph (3)—
(a)
for the opening words substitute “The provisions are—”; and
(b)
in the table, after the entry relating to regulation 37 insert—
“paragraphs (2) and (3) of regulation 37A
Income paid after cessation of employment becoming subject to PAYE.”