2016 No. 329
The Income Tax (Pay As You Earn) (Amendment) Regulations 2016
Made
Laid before the House of Commons
Coming into force
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 113(1) of the Taxes Management Act 19701, section 133 of Finance Act 19992 and section 684(1) and (2) of the Income Tax (Earnings and Pensions) Act 20033 and now exercisable by them4.
Citation and commencement1
These Regulations may be cited as the Income Tax (Pay As You Earn) (Amendment) Regulations 2016 and come into force on 6th April 2016.
Amendment of the Income Tax (Pay As You Earn) Regulations 2003
2
The Income Tax (Pay As You Earn) Regulations 20035 are amended as follows.
3
In regulation 65 (repayment if no longer employed) omit paragraph (2)(a).
4
In Table 10 (regulations which require approved document or format and which permit electronic delivery) in regulation 211 (how information must or may be delivered by employers)6—
a
in the entry relating to “regulation 36(1) and 36(2)(b)” in column 5 for “no” substitute “not applicable”, and
b
after the entry relating to “regulation 90(2)”, insert a new entry—
98(4)
multiple PAYE schemes
Form P350
yes
yes
5
In Schedule A1 (real time returns) after paragraph 22B7 insert—
22C
1
If applicable, an indication that comprised within the payment is an amount in respect of a reportable payment and the amount of that reportable payment.
2
For the purposes of sub-paragraph (1) a “reportable payment” is—
a
a payment of an uncrystallised funds pension lump sum,
b
a lifetime annuity under a flexible annuity contract, or
c
a payment made out of—
i
a fund referred to in section 227G(2), (4) or (5) of the Finance Act 20048,
ii
an arrangement referred to in section 227G(3) of the Finance Act 2004, or
iii
a scheme pension referred to in section 227G(9) of the Finance Act 2004.
3
For the purposes of sub-paragraph (2)—
a
“flexible annuity contract” has the meaning given by section 227G(8) of the Finance Act 2004, and
b
“uncrystallised funds pension lump sum” has the meaning given by paragraph 4A of Schedule 29 to the Finance Act 20049.
22D
If applicable, an indication that comprised within the payment is a lump sum to which section 636A(4ZA) of ITEPA10 applies and the amount of that lump sum.
(This note is not part of the Regulations)