Section RP 9 — Income Tax Act 2007: Authorised transfers from accounts

RP 9 Authorised transfers from accounts When this section applies (1) This section applies when an employer has authorised the PAYE intermediary to direct the transfer of an amount from the employer’s bank account to meet an obligation that the PAYE intermediary has on the employer’s behalf in relation to an employee and a pay period. Sufficient funds (2) The employer must ensure, at a time fixed by the PAYE intermediary, that the bank account has sufficient funds available for the transfer. Defined in this Act: amount , employee , employer , pay period , PAYE intermediary , Compare: 2004 No 35 s NBA 4(1)(a)