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Contents

Legislation
Income Tax (Earnings and Pensions) Act 2003

Chapter 5 PAYE settlement agreements

  • Section 703 Introduction
  • Section 704 Sums payable by employers under agreements
  • Section 705 Approximations allowed in calculations
  • Section 706 Exclusion of general earnings from income etc.
  • Section 707 Interpretation of this Chapter
  1. Chapter 5 · PAYE settlement agreements
  2. Introduction

Section 703 | Introduction

From legislation.gov.uk

This Chapter provides—

(a)for employers to make agreements with Her Majesty's Revenue and Customs (“PAYE settlement agreements”) under which they agree to be accountable to the Commissioners for sums in respect of income tax on general earnings of their employees; andF1F2

(b)for such earnings to be treated for certain purposes of the Income Tax Acts as excluded from the employees' income.

Notes

  1. F1

    Words in s. 703(a) substituted (with effect in accordance with s. 6(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 6(1)

  2. F2

    Words in s. 703 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(3)(j); S.I. 2005/1126, art. 2(2)(h)

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