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Income Tax (Earnings and Pensions) Act 2003

Paragraph 54: Stopping and re-starting deductions

3117.An employee is entitled both to stop deductions under a partnership share agreement and to restart those deductions. This paragraph sets out the requirements that the SIP must contain to deal with these matters.

3118.This paragraph derives from paragraph 44 of Schedule 8. The material is presented in a somewhat different order, with the new order following the order in which events may be expected to occur.

3119.Sub-paragraphs (1) and (3) refer to deductions “under” a partnership share agreement and not to deductions “in pursuance of” a partnership share agreement.

3120.Sub-paragraph (7) retains the requirement that a notice under this paragraph should be a notice in writing, but moves that requirement to a sub-paragraph of its own.

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