22. Payment of USC by employer

(1) An employer shall remit to the Collector-General by the due date the amount calculated by the formula—

A + B – C

where,

A is the total amount of USC that the employer is liable under these Regulations to deduct from relevant emoluments paid by the employer during the relevant month,

B is the total amount of USC that was not so deducted but which the employer was liable to remit under Regulation 15 in respect of that month to the Collector-General in respect of notional payments made by the employer, and

C is the total amount of USC that the employer was liable under these Regulations to repay during that month.

(2) Where the Collector-General enters into an agreement with an employer under section 991A of the Act, that agreement may be extended by the Collector-General in respect of the USC liability in respect of all months in a USC year where—

(a) the total monthly payments by direct debit represent, based on the best estimate of the employer, the total amount of USC due under these Regulations in respect of those months,

(b) each monthly payment is made no later than the due date in respect of the month prior to the month in which the payment is made, and

(c) the employer has complied with all other requirements of these Regulations.

(3) Subject to paragraph (5), where an extended agreement referred to in paragraph (2) is entered into, the balance of the amount of USC due in respect of the months occurring in the USC year, after deducting all monthly payments made—

(a) prior to the due date for the final month in the USC year, and

(b) in respect of that USC year,

shall be due and payable by that due date.

(4) Where the total amount of monthly direct debits paid by an employer in respect of the months occurring in the USC year is less than 90 per cent of the USC due in respect of those months, the extended agreement referred to in paragraph (2) shall be deemed not to have entered into effect.

(5) An extended agreement referred to in paragraph (2) may be terminated by either the Collector-General or an employer and, where this occurs, the agreement shall be deemed not to have entered into effect.

(6) (a)On payment of USC by an employer, the Collector-General may send to the employer concerned a receipt in respect of the payment.

(b) The receipt referred to in subparagraph (a) may consist of—

(i) a separate receipt in respect of each such payment, or

(ii) a receipt for all such payments made within the period specified in the receipt.