The Income Tax (Pay As You Earn) Regulations 2003 No. 2682

PART 7 SPECIAL CASES

CHAPTER 3 HOLIDAY PAY FUNDS

Application of other Parts

135.—(1) Parts 2 (codes) and 3 (deduction and repayment of tax) do not apply to holiday pay.

(2) The rest of these Regulations apply as if the Inland Revenue had issued the basic rate code in respect of holiday pay.