Section 892 — Income Tax Act 2007: Duty to deduct from certain UK public revenue dividends

Duty to deduct from certain UK public revenue dividends 892 1 This section has effect if—

a a payment of a UK public revenue dividend is made, and b it is not payable gross under section 893.

2 The person by or through whom the payment is made must, on making the payment, deduct from it a sum representing income tax on it at the basic rate in force for the tax year in which it is made.

3 For provision about the collection of income tax in respect of a payment from which a sum must be deducted under this section—

a see Chapter 15 if the person making the payment is a UK resident company, and b otherwise see Chapter 16.