Part 11

Pay As You Earn
Chapter 5

PAYE settlement agreements

Sums payable by employers under agreements
704
1
PAYE regulations may provide—
a
for a person to make a PAYE settlement agreement with Her Majesty's Revenue and Customs; and
b
to such extent as may be prescribed, for that person’s accountability, and the sums to be accounted for, in respect of income tax on general earnings of that person’s employees to be determined—
i
in accordance with the agreement, and
ii
not in accordance with PAYE regulations which would apply apart from this Chapter.
2
Without prejudice to the generality of section 684(2), any power of the Commissioners to make PAYE regulations with respect to sums falling to be accounted for under such regulations includes power to make the corresponding provision with respect to sums falling to be accounted for in accordance with a PAYE settlement agreement.
Words in s. 704 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(3)(k); S.I. 2005/1126, art. 2(2)(h)
Pt. 11 power to amend or repeal conferred (21.7.2009) by Finance Act 2009 (c. 10), Sch. 58 para. 10
Words in s. 704(1)(a) substituted (with effect in accordance with s. 6(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 6(1)