C1Part 15Deduction of income tax at source
C1Chapter 19General
Supplementary
979C1Designated international organisations: exceptions from duties to deduct
1
The Treasury may by order designate for the purposes of this section any international organisation of which the United Kingdom is a member.
2
The duty to deduct under section 874 (duty to deduct from certain payments of yearly interest) does not apply to a payment of interest made by—
a
an organisation designated under subsection (1), or
b
a partnership of which an organisation so designated is a member.
3
None of the duties to deduct under Chapters 6, 7 (deduction from annual payments, patent royalties and other payments connected with intellectual property) and 14 (directions for duty to deduct to apply in tax avoidance cases) apply to a payment made by an organisation designated under subsection (1).
4
The duties to deduct under sections 919(2) and 922(2) do not apply in a case where the payer of the manufactured interest or (as the case may be) the manufactured overseas dividend is an organisation designated under subsection (1).
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)