Deduction of income tax at sourceU.K.
13(1)This paragraph applies to any income tax which—U.K.
(a)was payable under Chapter 15 of Part 15 of ITA 2007 (collection: deposit-takers, building societies and certain companies) in respect of payments within section 946 of that Act made in a return period,
(b)was not paid on the date when it was due under section 951 of that Act, and
(c)has subsequently been discharged or repaid under section 953 of that Act because the person who made the payments received payments on which it suffered income tax by deduction in a later return period.
(2)The income tax carries late payment interest until the earliest of—
(a)the date when the income tax was paid,
(b)the date when the person delivered a return for the later return period, and
(c)the end of the period of 14 days beginning with the end of the later return period,
but section 101 does not otherwise apply to the income tax.
(3)In this paragraph “return period” means a period for which a return is required to be made under Chapter 15 of Part 15 of ITA 2007.