- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
(This note is not part of the Regulations)
These Regulations make provision in relation to the payment of working tax credit under the Tax Credits Act 2002 (c. 21) by employers to their employees from 6th April 2003 onwards.
Regulation 1 provides for citation, commencement and effect, and regulation 2 for interpretation.
Regulation 3 defines “relevant employer” for the purposes of the Regulations.
Regulation 4 provides for the issue of start notices to employers by the Board of Inland Revenue (“the Board”) notifying them to commence paying working tax credit.
Regulation 5 provides for the issue of amendment notices by the Board to an employer where the amount of working tax credit to which his employee is entitled changes.
Regulation 6 specifies the obligation of employers to whom start notices or amendment notices are issued to calculate and pay working tax credit to employees in accordance with the notices.
Regulation 7 sets out how payment of working tax credit is to be funded by the employer.
Regulation 8 enables the employer to apply to the Board for funding in order to pay working tax credit.
Regulation 9 provides for renewal of funding by the Board for each income tax year.
Regulation 10 enables the employer to notify the Board in the course of an income tax year if, as a result of a change of circumstances, any of the details recorded on an application form for funding under regulation 8, or on a renewal form under regulation 9, cease to be correct.
Regulation 11 provides for termination of funding by the Board in certain circumstances.
Regulation 12 provides for circumstances in which the obligation of an employer to pay working tax credit is terminated, including the issue of a stop notice by the Board.
Regulation 13 provides for the issue of an emergency stop notice and restart notice by the Board when there is a temporary break in the payment of working tax credit by an employer to an employee.
Regulation 14 provides for the determination of an amount of funding to be repaid to the Board where it transpires that that amount has not been used by the employer to fund payment of working tax credit.
Regulation 15 provides for the inspection of an employer’s records by an authorised officer of the Board so as to determine whether the employer is complying with the provisions of these Regulations.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: