Amendment of Income Tax (Pay As You Earn) Regulations 200312

In paragraph (2) of regulation 108 (calculation of tax payable under PSA)—

a

substitute for sub-paragraph (d)—

d

the number of those employees respectively chargeable to income tax—

i

at only the basic rate for the tax year to which the PSA relates, and

ii

at both the basic rate and the higher rate for that tax year;

b

in sub-paragraph (e) for “the Inland Revenue” substitute “HMRC”.