17.—(1) Amend the Payment by Employers Regulations (1) as follows.
(2) In regulation 2 (interpretation) (2)—
(a)omit the definition of “the Employments Regulations”; and
(b)after “PAYE income” insert—
““the PAYE Regulations” means the Income Tax (Pay as You Earn) Regulations 2003(3);”.
(3) In regulation 3(2) (exception from the definition of “relevant employer”) for “regulation 20 of the Employments Regulations” substitute “regulation 34 of the PAYE Regulations”.
(4) In regulation 6 (relevant employer’s obligations to pay working tax credit)—
(a)in paragraph (6) for “regulation 38 of the Employments Regulations” substitute “regulation 66 of the PAYE Regulations”;
(b)in paragraph (7) for “regulation 39 of the Employments Regulations” substitute “regulation 67 of the PAYE Regulations”;
(c)in paragraph (8) for “regulation 43 of the Employments Regulations” substitute “regulation 73 of the PAYE Regulations”; and
(d)in paragraph (9) for “paragraph (2) of regulation 43 of the Employments Regulations” substitute “paragraph (4) of regulation 73 of the PAYE Regulations”.
(5) In regulation 8(13) (rate of interest applicable on payments made to an employer by the Board) omit “or, as the case may be, section 826”.