The UK's Paymaster General, Dawn Primarolo announced on Thursday that the rewrite of the country's PAYE (Pay As You Earn) regulations has been completed, and has now gone before the Board of the Inland Revenue.
According to Ms Primarolo, subject to Parliamentary approval, the new rules will come into force on April 6, 2004.
She announced on Thursday that:
"The rewritten regulations complement the modernisation of the legislation for employment income in the Income Tax (Earnings and Pensions) Act 2003."
The PAYE rules were amended as part of the Tax Law Rewrite project, launched in 1996, which aims to rewrite the UK's direct tax legislation so that it is easier and clearer to use, but without changing its general effect.
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