C3Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
C3Chapter 6Deduction from annual payments and patent royalties
Duty to deduct from annual payments
C2C4C1900Deduction from commercial payments made by individuals
1
This section applies to any payment made in a tax year if—
a
it is a qualifying annual payment,
b
the person who makes it is an individual, and
c
it is made for genuine commercial reasons in connection with the individual's trade, profession or vocation.
2
The individual must, on making the payment, deduct from it a sum representing income tax on it at the basic rate in force for the tax year.
3
Income tax equal to the sum required to be deducted is to be collected through the individual's self-assessment return (see Chapter 17).
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)