PAYE & NICs: The Income Tax (Pay As You Earn) (Amendment) Regulations 2013 and the Social Security (Contributions) Regulations 2001 - CIOT comments

6 Jul 2017

The document proposes increasing the size of debts that can be recovered through coding out from those with higher incomes. The existing £3,000 limit will remain for those with incomes under £30,000 but HMRC propose that the limit be increased for those on higher incomes to a maximum of coding out £17,000 for those earning over £90,000. In addition, HMRC propose extending the 50% deduction overriding limit for those with K codes to all tax codes.

The condoc and CIOT submission are available below in Adobe (PDF) format.

Technical Team 15 August 2013