SCHEDULES

I1SCHEDULE 54Repayment interest

Annotations:
Commencement Information
I1

Sch. 54 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2

Part 3Supplementary

Interpretation

14

In this Schedule any reference to income tax deducted at source for a tax year is a reference to—

a

income tax deducted (or treated as deducted) from any income, or treated as paid on any income, in respect of that year, and

b

amounts which, in respect of that year, are tax credits to which section 397(1) or 397A(2) of ITTOIA 2005 applies,

but does not include a reference to amounts which, in that year, are deducted at source under PAYE regulations in respect of previous years.