The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2014

• Citation: S.I. 2014/1017
• Sections: 2

Section 1 Citation, commencement and effect

(1) These Regulations may be cited as the Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2014 and come into force on 6th May 2014.

(2) These Regulations have effect in relation to amounts which are due and payable for the tax year 2014-15 and subsequent tax years.

Section 2 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

The Income Tax (Pay As You Earn) Regulations 2003 are amended as follows—

(a) insert after regulation 67G(3) (payments to and recoveries from HMRC for each tax period by Real Time Information employers) —

(3A) Where a return for a tax period contains a correction under regulation 67E(5) (returns under regulations 67B and 67D: amendments)) and paragraph (3) of this regulation applies, the negative amount is treated as having been paid to HMRC —

(a) 17 days after the end of the tax period in respect of which that return is delivered, where payment is made using an approved method of electronic communications , or

(b) 14 days after the end of the tax period in respect of which that return is delivered, in any other case.

(b) insert after regulation 67H(3) (payments to and recoveries from HMRC for each tax period by Real Time Information employers: returns under regulation 67E(6)) —

(4) Where the value of the adjustment is a negative amount, that amount is treated as having been paid to HMRC—

(a) 17 days after the end of the final tax period of the tax year the return relates to, if payment is made using an approved method of electronic communications, or

(b) 14 days after the end of the final tax period of the tax year the return relates to, in any other case.

(c) insert after regulation 69(1) (due date and receipts for payment of tax) —

(1A) In paragraph (1), the reference to amounts due under regulation 67G(2) includes any amount the employer was liable to deduct from employees during the tax period whether or not that amount was included in any return under regulation 67B (real time returns of information about relevant payments) or 67D (exceptions to regulation 67B).