The Regulations amend the Income Tax (Construction Industry Scheme) Regulations 2005, making changes to the way HM Revenue & Customs may recover deductions on account of tax due under the construction industry scheme.
The Regulations amend the Income Tax (Pay As You Earn) Regulations 2003. They extend the requirement that electronic communications must be used for the delivery of information and provide for penalties if electronic communications are not used as required.
The Order increases the exempt amounts, for income tax purposes, in respect of qualifying childcare vouchers provided for an employee and in respect of the provision by an employer for an employee of care for a child.
The Regulations amend the Income Tax (Pay As You Earn) Regulations 2003 and the Income Tax (Incentive Payments for Voluntary Electronic Communication of PAYE Returns) Regulations 2003 as a consequence of the abolition of the payment of working tax credit via employers introduced by the Tax Credit (Payment by Employers, etc) (Amendment) Regulations 2005.
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