12(1)Section 689 of ITEPA 2003 (PAYE: employee of non-UK employer) is amended in accordance with this paragraph.
(2)In subsection (4), in the words before paragraph (a), after “employee,” insert “and if the case is not within subsection (4A),”.
(3)After subsection (4) insert—
“(4A)A case is within this subsection if—
(a)the section concerned is section 687A or 695A (employment income under Part 7A), and
(b)the relevant step concerned is within paragraph 1 of Schedule 11 to F(No. 2)A 2017 (loans etc outstanding on 5 April 2019).
(And this section does not apply in a case within this subsection.)”