16B Tax borne by the employer in respect of notional payments.

[Where tax in respect of a notional payment is remitted by the employer in accordance with subsection (4) of section 985A of the Principal Act and subsection (5) of that section applies, the notional payment in respect of the emolument referred to in that subsection (5) shall be treated as if it were made on 31 March in the year of assessment in which the emolument is treated as arising.]¹