The Income Tax (Pay As You Earn) and the Income Tax (Construction Industry Scheme) (Amendment) Regulations 2014 No. 472

PART 1 Amendment of the Income Tax (Pay As You Earn) Regulations 2003

4.  In regulation 67B (real time returns of information about relevant payments)(1)—

(a) in paragraph (1) for “paragraphs (1A) and (1B)” substitute “paragraph (1A)”; and

(b) for paragraphs (1A) and (1B) substitute—

“(1A) But a Real Time Information employer(2)—

(a) which for the tax year 2014-15 meets Conditions A and B, or

(b) which for the tax year 2015-16 meets Conditions A and C,

may instead for that tax year deliver to HMRC the information specified in Schedule A1 (real time returns)(3) in respect of all relevant payments made to an employee in a tax month on or before making the last relevant payment in that month.

(1B) Condition A is that, at 5th April 2014, the Real Time Information employer is one to whom HMRC has issued an employer’s PAYE reference(4).

(1C) Condition B is that, at 6th April 2014, the Real Time Information employer employs no more than 9 employees.

(1D) Condition C is that, at 6th April 2015, the Real Time Information employer employs no more than 9 employees.”.

(1)

Regulation 67B was inserted by regulation 27 of S.I. 2012/822 and amended by regulation 18 of S.I. 2013/521 and regulation 2 of S.I. 2013/2300.

(2)

“Real Time Information employer” is defined in regulation 2A.

(3)

Schedule A1 was inserted by regulation 52 of S.I. 2012/821 and amended by regulation 37 of S.I. 2013/521.

(4)

The term “employer’s PAYE reference” is defined in regulation 2.