WHEN AND HOW WILL THE LEVY COME INTO FORCE?
The Levy was introduced under the Finance Act 2016 and is payable by employers through PAYE, alongside income tax and national insurance contributions (“NICs”) with effect from 6 April 2017. Draft regulations (the “Regulations”) for the payment, collection and recovery of the Levy have been published. When in force, the Regulations will amend income tax regulation.
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