C1Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
Chapter 3Deduction from certain payments of yearly interest
Exceptions from duty to deduct
881National Savings Bank interest
The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest on deposits with the National Savings Bank.
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)