Amendment of Income Tax (Pay As You Earn) Regulations 2003
This section has no associated Explanatory Memorandum
12. 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;”; and
(b)in sub-paragraph (e) for “the Inland Revenue” substitute “HMRC”.