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3.—(1) Amend regulation 1 (citation, commencement and interpretation) as follows.
(2) In paragraph (2)—
(a)after the definition of “direction” insert—
““employee” has the meaning given in section 4 of ITEPA 2003, and cognate expressions shall be construed accordingly;”;
(b)after the definition of “incentive payment” insert—
““ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003(1);”;
(c)for the definition of “the PAYE Regulations” substitute—
““the PAYE Regulations” means the Income Tax (Pay As You Earn) Regulations 2003;”.
(3) In paragraph (3), in the sentence beginning “A person is treated”, in sub-paragraph (a) for “or by regulation 6(6)” substitute “, paragraph 6 of Schedule 4 to the Social Security (Contributions) Regulations 2001, or by regulation 6(6)”.
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