The Regulations amend the Income Tax (Earnings and Pensions) Act 2003 (c.1) to exclude from liability to income tax the funding by an employer of medical treatment that is recommended to an employee as part of an occupational health service.
The Regulations amend the Income Tax (Pay As You Earn) Regulations 2003, for a
limited period of time, to take account of employers with no more than 49
employees operating Real Time
The order brings into force the amendments made by sch.23 to the Finance Act 2013, which insert provisions into the relevant income tax, capital gains tax and corporation tax legislation to govern the taxation of employee-shareholder shares.
The order amends the Income Tax (Earnings and Pensions) Act 2003 to provide for an exemption from income tax for a benefit that arises when an employer pays for a Disclosure and Barring Service updating certificate, criminal record certificate or enhanced criminal record certificate in specified circumstances.
Employers are required to report PAYE deductions to HM Revenue and Customs (HMRC) prior to, or at the time of, paying employees rather than at the end of the year, under the new real time information scheme.
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