The Working Tax Credit (Payment by Employers) (Amendment) Regulations 2003

Contents

1Citation, commencement and effect#

(1)These Regulations may be cited as the Working Tax Credit (Payment by Employers) (Amendment) Regulations 2003 and shall come into force on 6th April 2003.

(2)These Regulations shall have effect in relation to payments of working tax credit for periods beginning on or after 6th April 2003.

2Interpretation#

In these Regulations “the principal Regulations” means the Working Tax Credit (Payment by Employers) Regulations 2002 and “regulation” means a regulation of the principal Regulations.

3Amendments to the principal Regulations#

Amend the principal Regulations as follows.

4Amendments to the principal Regulations#

In regulation 2 (interpretation)—

(a)omit the definition of “emoluments”;

(b)in the definition of “pay period” for “emoluments are” substitute “PAYE income is”;

(c)after the definition of “pay period” insert the following definition—“• “PAYE income” has the meaning given by section 683 of the Income Tax (Earnings and Pensions) Act 2003;”

5Amendments to the principal Regulations#

In regulation 3(1)(a) for “income assessable to income tax under Schedule E” substitute “PAYE income”.

6Amendments to the principal Regulations#

In the following places for “emoluments” substitute “PAYE income”—

(a)regulation 4(2)(f);

(b)regulation 5(2)(f);

(c)regulation 6(1) (Step Two – twice);

(d)regulation 6(2);

(e)regulation 6(3) (Step Two – twice);

(f)regulation 6(4 ) and (5);

(g)regulation 6(11) (twice);

(h)regulation 7(1) (“amount A”, “amount B” and “amount C”);

(i)regulation 8(1)(b).

7Amendments to the principal Regulations#

In regulation 6(8) at the end add “and the total amount of funding received from the Board for that year in accordance with regulation 8.”.

8Amendments to the principal Regulations#

In regulation 12(2) at the end add—“e the commencement date referred to in regulation 4(2)(d).”

9Amendments to the principal Regulations#

In regulation 13(5)(d) omit “or (as the case may be) regulation 5(2)(d)”.

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