C1Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
C1Chapter 19General
Supplementary
980C1Derivative contracts: exception from duties to deduct
1
Despite the provisions of this Part, a company is not required to deduct a sum representing income tax from a payment made under a derivative contract to which this section applies.
2
This section applies to a derivative contract if profits and losses arising from it are calculated in accordance with F1Part 7 of CTA 2009 .
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)