Section 900 — Income Tax Act 2007: Deduction from commercial payments made by individuals

Deduction from commercial payments made by individuals 900 1 This section applies to any payment made in a tax year if—

a it is a qualifying annual payment, b the person who makes it is an individual, and c it is made for genuine commercial reasons in connection with the individual's trade, profession or vocation.

2 The individual 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.

3 Income tax equal to the sum required to be deducted is to be collected through the individual's self-assessment return (see Chapter 17).