The Income Tax (Pay As You Earn) (Amendment) Regulations 2016

• Citation: S.I. 2016/329
• Sections: 5

Section 1 Citation and commencement

These Regulations may be cited as the Income Tax (Pay As You Earn) (Amendment) Regulations 2016 and come into force on 6th April 2016.

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.

Section 3 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In regulation 65 (repayment if no longer employed) omit paragraph (2)(a).

Section 4 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

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) —

(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—

Section 5 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

In Schedule A1 (real time returns) after paragraph 22B 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 2004 ,

(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 2004 .

(22D) If applicable, an indication that comprised within the payment is a lump sum to which section 636A(4ZA) of ITEPA applies and the amount of that lump sum.