Revenue Note for Guidance

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Revenue Note for Guidance

531AZ Repayments of, and recovery of unpaid, income levy

Summary

This section applies section 531AY to provide for the recovery of unpaid income levy and to allow repayments of income levy to be made out of USC.

Details

(1) Where income levy remains unpaid in respect of an employee for the years of assessment 2009 or 2010, certain provisions of section 531AY apply to the recovery of unpaid income levy as they apply to the recovery of unpaid USC. These are subsections (1) to (3) in relation to the making of notional emoluments and subsection (4) in relation to the adjustment of income tax tax credits and rate bands.

(2) Any repayments of income levy paid for the years of assessment 2009 or 2010 can be made out of USC where there is insufficient income levy paid for the year in which the repayment is made.

Relevant Date: Finance Act 2020