The Income Tax (Sub-contractors in the Construction Industry and Employments) (Amendment) Regulations 2000

Amendment of the Income Tax (Employment) Regulations 1993

3.  In regulation 41(3) of the Income Tax (Employments) Regulations 1993(1) for the definition of N substitute—

• “N is the amount which would be payable to the collector under the Social Security Contributions and Benefits Act 1992 and the Social Security (Contributions) Regulations 1979, or, in Northern Ireland, under the Social Security (Contributions) and Benefits (Northern Ireland) Act 1992 and the Social Security (Contributions) Regulations (Northern Ireland) 1979 disregarding—

  (a)

  any amount of secondary Class 1 contributions in respect of which liability has been transferred to the employed earner by virtue of an election made jointly by the employed earner and the secondary contributor for the purposes of paragraph 3B(1) of Schedule 1 to either the Social Security Contributions and Benefits Act 1992 or the Social Security Contributions and Benefits (Northern Ireland) Act 1992; and

  (b)

  any adjustment to the amount so payable to the collector under regulation 7(3) of the Tax Credits (Payments by Employers) Regulations 1999 (funding of payment by relevant employer or relevant subsequent employer of tax credit);”.

(1)

S.I. 1993/744. The relevant amending instruments are S.I. 1995/743, 1999/824 and 2000/1152.