This section has no associated Explanatory Memorandum
3. After regulation 14A (determination of code in respect of recovery of relevant debts)(1) insert—
“Determination of code in respect of high income child benefit charge
14B. HMRC may determine a code, if and to the extent that the payee does not object, to secure that—
(a)income tax payable for a tax year by the payee by virtue of section 681B of ITEPA(2) (high income child benefit charge) is deducted from PAYE income of the payee paid during that year, and
(b)repayments are made in a tax year in respect of any amounts overpaid on account of income tax under that section for that tax year.”.
(1)
Regulation 14A was inserted by regulation 2(2) of S.I. 2011/1584.
(2)
Section 681B was inserted by paragraph 1 of Schedule 1 to the Finance Act 2012 (c. 14).