PAYE rewrite gains final approval
A new version of the PAYE Regulations from the Tax Law Rewrite Project has received final approval at Westminster.
Link: Revised tax law to enter statute book
The new rules complement the modernisation of the legislation in the 2003 Income Tax (Earnings and Pensions) Act.
Paymaster general Dawn Primarolo told MPs: ‘There will be no change in practice for employers and employees generally. But those who do use the regulations will find them clearer and more consistent.’
The project to rewrite the tax law has been underway for more than six years, with the aim of making tax easier to understand and therefore more usable.