Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 15 U.K. Deduction of income tax at source

Deduction by deposit-takers, building societies etc: collection of tax U.K.

161 U.K. Chapter 15 of Part 15 has effect for return periods which—

(a) fall within accounting periods ending on or after 6 April 2007, and

(b) end on or after that date.

162 (1) This paragraph applies to a payment— U.K.

(a) which is made in an accounting period beginning before 6 April 2007 and ending on or after that date, and

(b) which was made before 6 April 2007, but which would have been a payment within section 946 if it had been made on or after that date.

(2) A payment to which this paragraph applies is to be treated as a payment within section 946 if it is made in a return period which—

(a) falls within the accounting period,

(b) begins before 6 April 2007, and

(c) ends on or after that date.

(3) In addition, a payment to which this paragraph applies which was made in an earlier return period which falls within the accounting period is to be treated as a payment within section 946.