Statute
Section 977 — Corporation Tax Act 2009: Charge to tax on annual payments not otherwise charged
Text of the provision Official document
Charge to tax on annual payments not otherwise charged 977 1 The charge to corporation tax on income applies to annual payments that are not otherwise within the application of that charge under the Corporation Tax Acts.
2 Subsection (1) does not apply to annual payments in respect of which no liability to corporation tax arises because of an exemption.
3 The frequency with which payments are made is ignored in determining whether they are annual payments for the purposes of this Chapter.
Official source: legislation.gov.uk
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