The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2012
The Income Tax (Pay As You Earn) (Amendment) Regulations 2012 (“the 2012 Regulations”) amended the Income Tax (Pay As You Earn) Regulations 2003 to make provision for the changes being made to the Pay As You Earn system by the Real Time Information programme and, in particular, inserted new regulation 67B. This requires employers to report pay and tax information to HM Revenue and Customs (“HMRC”) each time a relevant payment is made to an employee.