Statute
Section 885 — Income Tax Act 2007: Authorised persons dealing in financial instruments
Text of the provision Official document
Authorised persons dealing in financial instruments 885 1 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by a person authorised for the purposes of FISMA 2000 if—
a the person's business consists wholly or mainly of dealing in financial instruments as principal, and b the payment is made by that person in the ordinary course of that business.
2 For the meaning of “financial instrument”, see section 984.
Official source: legislation.gov.uk
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