Part 15Deduction of income tax at source
Chapter 11Payments between companies etc: exception from duties to deduct
Excepted payments
935PEP and ISA managers
1
A payment is an excepted payment if each of the following conditions is met in relation to the payment.
2
The person to whom the payment is made must be, or must be the nominee of, the plan manager of a plan of a kind to which regulations under Chapter 3 of Part 6 of ITTOIA 2005 (income from individual investment plans) apply.
3
The plan manager must receive the payment in respect of investments under the plan.