6(1)Relevant remuneration is “awarded” during the chargeable period if—U.K.
(a)a contractual obligation to pay or provide it arises during the chargeable period, or
(b)the relevant remuneration is paid or provided during the chargeable period without any such obligation having arisen during the chargeable period,
but subject to sub-paragraph (3).
(2)Sub-paragraph (3)(a) of paragraph 5 applies for the purposes of sub-paragraph (1) as for the purposes of sub-paragraph (1)(b) of that paragraph.
(3)Relevant remuneration is not to be taken to be awarded during the chargeable period by virtue of sub-paragraph (1)(a) if—
(a)it is required to be paid or provided at intervals,
(b)it is to be paid or provided in respect of contribution, performance or similar considerations only for times after the end of the chargeable period, and
(c)the reduction or elimination of a liability to bank payroll tax is not the main purpose or one of the main purposes of any person in assuming the obligation to pay or provide it.
(4)Sub-paragraph (4) of paragraph 5 applies for the purposes of this paragraph as for the purposes of sub-paragraph (1)(b) of that paragraph.