Statutory Instrument 1992 No. 1059

The Income Tax (Employments) (No. 22) Regulations 1992

---

© Crown Copyright 1992

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Royal Arms and the Queen's Printer imprints.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. The authoritative version is the Queen's Printer copy published by The Stationery Office Limited as the The Income Tax (Employments) (No. 22) Regulations 1992, ISBN 0110240596. Purchase this item. For details of how to obtain an official copy see How to obtain The Stationery Office Limited titles.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1992 No. 1059

INCOME TAX

The Income Tax (Employments) (No. 22) Regulations 1992

The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 203(2) of the Income and Corporation Taxes Act 1988^[1], hereby make the following Regulations:

Citation and commencement
    1.    These Regulations may be cited as the Income Tax (Employments) (No. 22) Regulations 1992, and shall come into force on 19th May 1992.

Interpretation
    2.    In these Regulations "the principal regulations" means the Income Tax (Employments) Regulations 1973^[2] and "regulation" means a regulation of those Regulations.

Amendments to the principal Regulations
    3.    In regulation 2(1), in the definition of "income tax period"^[3] for the word "while" there shall be substituted the word "where".

    4.    In regulation 24(5)^[4] for the words "paragraph (7) of Regulation 26" there shall be substituted the words "paragraph (6) of Regulation 26B"^[5]

    5.    In regulation 26A(3)^[5] for "£400" there shall be substituted "£450".

T. J. Painter

L. J. H. Beighton

Two of the Commissioners of Inland Revenue

27th April 1992

The Income Tax (Employments) Regulations 1973 ("the PAYE Regulations ") (as amended) allow certain employers to pay deductions under Pay As You Earn ( "PAYE ") to the Inland Revenue quarterly rather than monthly. The employers in question are those whose average monthly payments of PAYE, National Insurance Contributions ( "NIC ") and the statutory deduction imposed by section 559 of the Income and Corporation Taxes Act 1988 on payments to sub-contractors are expected to be less than £400 in total.

Regulation 5 of these Regulations raises the amount of £400 to £450 with effect from 19th May 1992.

The opportunity has also been taken (in regulations 3 and 4 of these Regulations) to amend the definition of "income tax period " in regulation 2(1) of the PAYE Regulations, and to amend a cross-reference in regulation 24(5) of the PAYE Regulations.

[1] 1988 c. 1; section 203 was amended by sections 35 and 128 of, and paragraph 4 of Schedule 3 to, the Finance Act 1988 (c. 39), and by sections 45(3) and 187(1) of, and Part IV of Schedule 17 to, the Finance Act 1989 (c. 26), and extended by section 98A of the Taxes Management Act 1970 (c. 9) as inserted by section 165(1) of the Finance Act 1989. back

[2] S.I. 1973/334. back

[3] The definition of "income tax period " in regulation 2(1) was inserted by S.I. 1991/1080 regulation 3. back

[4] Regulation 24(2) to (7) was substituted, and regulation 24(1) was amended, by S.I. 1982/66 regulation 7. back

[5] Regulations 26A and 26B were inserted by S.I. 1991/1080 regulation 4. back