Statutory Instruments

2014 No. 474

Income Tax

The Income Tax (Pay As You Earn) (Amendment) Regulations 2014

Made

1st April 2014

Laid before the House of Commons

2nd April 2014

Coming into force

6th April 2014

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations pursuant to section 1(1) and (2) of the Provisional Collection of Taxes Act 1968(1) and a resolution passed by the House of Commons on 25th March 2014(2):

(1)

1968 c.2.

(2)

Budget resolution number 15, recorded in the House of Commons Votes and Proceedings for the 25th March 2014. The resolution contains a declaration that it is expedient in the public interest that the resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968. Section 1(3) to (5) of that Act set out the circumstances in which the resolution will cease to have statutory effect. By virtue of section 1(5), the resolution will cease to have effect once provisions corresponding to those are enacted by the Finance Act 2014. The resolution will in any case cease to have effect on 5th August 2014 by virtue of section 1(3). Relevant amendments to section 1(3) to (5) were made by section 60 of the Finance Act 1968 (c. 44), section 205(3) and (5) of the Finance Act 1993 (c. 34), section 112(1) of the Finance Act 2007 (c. 11) and section 88(8) of the Finance Act 2011 (c.11).