C1Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
Chapter 11Payments between companies etc: exception from duties to deduct
Excepted payments
937Partnerships
1
A payment is an excepted payment if each of the following conditions are met.
2
A partnership must be beneficially entitled to the income in respect of which the payment is made.
3
Each partner in the partnership must be—
a
a person or body mentioned in section 936, or
b
a person or body to whom one of subsections (4) to (6) applies.
4
This subsection applies to a UK resident company.
5
This subsection applies to a company that—
a
is non-UK resident,
b
carries on a trade in the United Kingdom through a permanent establishment, and
6
This subsection applies to the European Investment Fund.
7
The Treasury may by order amend this section to add to, restrict or otherwise alter the persons or bodies falling within subsection (3)(b).
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)