Related Commentary  Related Cases

68(1)  This regulation applies to determine how much a non-Real Time Information employer must pay or can recover for a tax period.

68(2)  If A exceeds B, the employer must pay the excess to the Inland Revenue.

68(3)  But if B exceeds A, the employer may recover the excess either–

(a)by deducting it from the amount which the employer is liable to pay under paragraph (2) for a later tax period in the tax year, or

(b)from the Board of Inland Revenue.

68(4)  In this Regulation–

A is–

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