TCTM04237 – Income:
employment income rules - Specific payments and benefits in kind
excluded from employment income for tax credit purposes
Pay As You Earn (PAYE) Settlement Agreements The Tax Credits
(Definition and Calculation of Income Regulations, Reg. 4 (Table 1)
(Item 20)
Any Pay As You Earn (PAYE) settlement agreements made under Part
6 of the Income Tax (PAYE) Regulations 2003
The special arrangements under regulation 141 of the PAYE
regulations also apply.