SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Income Tax (Trading and Other Income) Act 2005 (c. 5)
570
1
Amend section 686 (payments received after deduction of tax) as follows.
2
In subsection (1)—
a
for “Income tax deducted under either of the following sections” substitute “
In accordance with section 848 of ITA 2007, a sum representing income tax deducted under Chapter 6 of Part 15 of that Act
”
, and
b
omit the words after “recipient”.
3
In subsection (2) for “section 687(2) of that Act” substitute “
section 494(3) of ITA 2007
”
.