94 PAYE: retrospective notional payments
Finance Act 2006 (2006 c 25) | Legislation

PAYE

94  PAYE: retrospective notional payments

(1)     ITEPA 2003 is amended as follows.

(2)     In section 222 (payments by employer on account of tax where deduction not possible)—

(a)     in subsection (1)(c), for “date on which the employer is treated as making the notional payment” substitute “relevant date”,

(b)     in subsection (2), for “date mentioned in subsection (1)(c)” substitute “relevant date”, and

(c)     after subsection (3) insert—

“(4)     In this section “the relevant date” means—

(a)     if the employer is treated by virtue of any Act as making the notional payment before the date on which the Act is passed, that date, and

(b)

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