Part 10Miscellaneous income
Chapter 8Income not otherwise charged
979Charge to tax on income not otherwise charged
(1)
The charge to corporation tax on income applies to income that is not otherwise within the application of that charge under the Corporation Tax Acts.
(2)
Subsection (1) does not apply to—
(a)
annual payments,
(b)
income in respect of which no liability to corporation tax arises because of an exemption, or
(c)
deemed income.