Amendment of the Income Tax (Pay As You Earn) Regulations 20033

In regulation 61A3 (interpretation)—

a

before the definition of “authorised employer” insert—

  • “amount foregone” has the meaning given in section 69B4 of ITEPA;

b

after the definition of “making good payment” insert—

  • “optional remuneration arrangements” has the meaning given in section 69A5 of ITEPA;”

  • “relevant amount” means the amount calculated in accordance with section 87A, 94A, 120A, 154A or 203A6 of ITEPA, as the case may be;

c

in the definition of “specified benefit”7—

i

after paragraph (a) insert—

aa

section 87A (benefit of non-cash voucher treated as earnings: optional remuneration arrangements),

ii

after paragraph (b) insert—

ba

section 94A (benefit of credit-token treated as earnings: optional remuneration arrangements),

iii

after paragraph (c) insert—

ca

section 120A (benefit of car treated as earnings: optional remuneration arrangements),

iv

after paragraph (d) insert—

da

section 149A (benefit of car fuel treated as earnings: optional remuneration arrangements),

v

after paragraph (e) insert—

ea

section 154A (benefit of a van treated as earnings: optional remuneration arrangements),

vi

after paragraph (f) insert—

fa

section 160A (benefit of van fuel treated as earnings: optional remuneration arrangements),

vii

after paragraph (g) insert—

ga

section 203A (employment-related benefit provided under optional remuneration arrangements);