Section Sch50-“ 140 — Income Tax Act 2007: Where another person withholds RWT

“ 140 Where another person withholds RWT For the purposes of determining a person’s liability to pay a late payment penalty, the person is treated as having withheld or accounted for an amount of tax if— “ (a) they are liable to pay the late payment penalty for— “ (i) not withholding resident withholding tax (RWT) under the RWT rules; or “ (ii) not accounting for RWT under the RWT rules; and “ (b) they can satisfy the Commissioner that another person, under the RWT rules,— “ (i) withheld the RWT; or “ (ii) accounted for the RWT. ”