Commentary on Sections Omitted material Section 704: Sums payable by employers under agreements
2858.This section derives from section 206A(2) and (8) of ICTA.
2859.Subsection (1) allows PAYE Regulations to provide for an employer to enter into a PSA with the Inland Revenue under which the employer pays certain sums in place of sums that would be payable in the absence of the PSA. Subsection (1)(a) omits “Board of” in front of Inland Revenue – see Change 158 in Annex 1.
2860.Subsection (2) allows PAYE Regulations to make the same sort of provisions about sums payable under a PSA as can be made about other sums payable under the regulations. This ensures that provision can be made for matters such as interest on sums paid late or repayable.