The Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2022/1243, specify the information an employee must provide to HMRC to evidence their entitlement to tax relief in relation to certain allowable expenses.
The regulations amend the Income Tax (Pay As You Earn) Regulations, SI 2003/2682, reg 65A which, with effect from 6 May 2022, enables HMRC to direct the form and manner in which information about an employee’s deductible expenses should be provided to HMRC. It also sets out a description of the information that needs to be provided.
The new regulations amend that description so that the required information includes:
the tax year in relation to which the employee is entitled to relief for the expenses;
various identification details for the employee; and
the amount and description of the deductible expenses, employer’s PAYE reference and, for fixed sum deductions (which apply to specific industries/sectors), the employer’s business sector.
The Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2022/1243, specify the information an employee must provide to HMRC to evidence their entitlement to tax relief in relation to certain allowable expenses.
The regulations amend the Income Tax (Pay As You Earn) Regulations, SI 2003/2682, reg 65A which, with effect from 6 May 2022, enables HMRC to direct the form and manner in which information about an employee’s deductible expenses should be provided to HMRC. It also sets out a description of the information that needs to be provided.
The new regulations amend that description so that the required information includes:
the tax year in relation to which the employee is entitled to relief for the expenses;
various identification details for the employee; and
the amount and description of the deductible expenses, employer’s PAYE reference and, for fixed sum deductions (which apply to specific industries/sectors), the employer’s business sector.
