(This note is not part of the Regulations)
The Regulations, which come into force on 6th April 2021, amend the Income Tax (Pay As You Earn) Regulations 2003 (S.I. 2003/2682) (“the PAYE Regulations”).
Regulation 3 amends regulation 67E of the PAYE Regulations in relation to the information an employer must include when making a return to correct an inaccuracy in an earlier return made under those Regulations.
Regulation 4 makes a consequential amendment to regulation 67H of the PAYE Regulations to address how any shortfall of tax arising as a result of the inaccuracy in the earlier return is to be dealt with.
A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to tax policy.