
1 
These Regulations may be cited as the Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 2000 and shall come into force on 19th May 2000.
2 
For paragraph 2 of regulation 9 of the Income Tax (Sub-contractors in the Construction Industry) Regulations 1993 substitute—“
(2) The condition is that, for income tax months falling within the current year, the average monthly amount found by the formula—S+P+N+L-Twill be less than £1,500.Here—
 S is the amount to be paid to the collector under regulation 8;
 P is the amount which would be payable to the collector under regulation 40 of the Income Tax (Employments) Regulations 1993 if any adjustment to that amount under regulation 7(1) of the Tax Credits (Payments by Employers) Regulations 1999 were disregarded;
 N is the amount which would be payable to the collector under the Social Security Contributions and Benefits Act 1992 and the Social Security (Contributions) Regulations 1979, or in Northern Ireland under the Social Security Contributions and Benefits (Northern Ireland) Act 1992 and the Social Security (Contributions) Regulations (Northern Ireland) 1979, if any adjustment to that amount under regulation 7(3) of the Tax Credits (Payments by Employers) Regulations 1999 were disregarded;
 L is the amount which would be payable to the collector under regulation 39(1) of either the Education (Student Loans) Regulations 2000 or the Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2000 if the reduction of that amount which is referred to in paragraph (3) of that regulation and in regulation 7(2) of the Tax Credits (Payments by Employers) Regulations 1999 were disregarded; and
 T is the amount which the employer is required to pay by way of tax credits in accordance with regulation 6(2) of the Tax Credits (Payment by Employers) Regulations 1999.”.
Tim Flesher
Ann Chant
Two of the Commissioners of Inland Revenue
25th April 2000