(This note is not part of the Regulations)
These Regulations amend the Income Tax (Pay As You Earn) Regulations 2003 (S.I. 2003/2682) to give effect to changes to the information to be required, from the start of the tax year 2006-07, on the From P46.
Regulation 1 provides for the citation and commencement of the instrument.
Regulation 2 introduces the amendments.
Regulations 3, 7 and 8 make amendments to the information required to be provided on a Form P46 in relation respectively to employees, pensioners not resident in the United Kingdom and pensioners who are resident there.
The other regulations make consequential changes.
A regulatory impact assessment has been prepared in respect of the costs to the Exchequer and employers involved in the changes made by these Regulations (and those involved by the Education (Student Loans) (Repayment) (Amendment No. 2) Regulations 2005 (S.I. 2005/2690).