Finance Act 2017
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PAYE modernisation | ||
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77. (1) The Principal Act is amended in the manner and to the extent specified in Schedule 1 . | ||
(2) (a) Paragraph 1 and subparagraph (f) of paragraph 4 of Schedule 1 shall apply for the year of assessment 2018 and each subsequent year of assessment in respect of emoluments paid on or after 1 January 2018. | ||
(b) Paragraph 2 of Schedule 1 shall apply for the year of assessment 2019 and each subsequent year of assessment in respect of emoluments paid on or after 1 January 2019. | ||
(c) Paragraph 3 of Schedule 1 shall apply for the year of assessment 2019 and each subsequent year of assessment in respect of an assessment of tax made under section 990 of the Principal Act in respect of an income tax month commencing on 1 January 2019 and each subsequent income tax month. | ||
(d) Paragraph 4 of Schedule 1 , other than subparagraphs (f), (m) and (o), shall apply for the income tax month commencing 1 January 2019 and each subsequent income tax month in respect of emoluments paid on or after 1 January 2019. | ||
(e) Subparagraph (m) of paragraph 4 of Schedule 1 shall apply in respect of interest payable on an amount of tax that arises in respect of an income tax month commencing on 1 January 2019 and each subsequent income tax month, and that subparagraph shall not affect the application of the provisions of section 991 of the Principal Act which are amended by that subparagraph as respects liabilities arising in respect of any period prior to 1 January 2019. |