The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2017 No. 1263

Amendment of the Income Tax (Pay As You Earn) Regulations 2003

12.  In regulation 61LA(1) (modification of the general rule: failure to make good benefit of credit-token) in paragraph (2)—

(a) after each occurrence of “cash equivalent” in Step 1 insert “or relevant amount”, and

(b) after “section 94” insert “or 94A”.

(1)

Regulation 61LA was inserted by the Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2016, S.I. 2016/1137.