686Payments received after deduction of taxU.K.
This section has no associated Explanatory Notes
(1)Income tax deducted under either of the following sections from an annual payment within this Chapter is treated as income tax paid by the recipient—
section 348(1)(b) of ICTA (under which income tax may be deducted from some payments by the payer), and
section 349(1)(a) of that Act (under which income tax must be deducted from some payments by the payer).
(2)See also section 687(2) of that Act (sum treated as deducted from payments made under a discretionary trust treated as income tax paid by the person to whom the payment is made or the settlor).