Statute
Section 888 — Income Tax Act 2007: Statutory interest
Text of the provision Official document
Statutory interest 888 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by virtue of the contractual term implied by section 1(1) of the Late Payment of Commercial Debts (Interest) Act 1998 (c. 20) (statutory interest).
Official source: legislation.gov.uk
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