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Changes over time for: Section 164B


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 27/04/2017.
Changes to legislation:
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Section 164B.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
[164BIntermediaries providing worker's services to public sectorU.K.
This section has no associated Explanatory Notes
(1)This section applies for the purposes of calculating the trading profits of a person where—
(a)the person is the intermediary in a chain identified under section 61N of ITEPA 2003 (see section 61N(1)(b)),
(b)a deemed direct payment is treated as made under subsection (3) of that section, and
(c)the person receives a payment which can reasonably be taken to be in respect of the same services as those in respect of which the underlying chain payment is made.
(2)The payment mentioned in subsection (1)(c) is not required to be brought into account in calculating the profits of the trade.
(3)In this section “underlying chain payment” means the payment whose amount is used at Step 1 of section 61Q(1) of ITEPA 2003 as the starting point for calculating the amount of the deemed direct payment mentioned in subsection (1)(b).]
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