Section 930 — Income Tax Act 2007: Exception from duties to deduct sums representing income tax

Exception from duties to deduct sums representing income tax 930 1 The duties to deduct sums representing income tax mentioned in subsection (2) do not apply to a payment if—

a it is made by a company, local authority or qualifying partnership, and b at the time the payment is made, the company, authority or partnership reasonably believes that it is an excepted payment.

2 The duties to deduct are those under—

a section 874(2) (certain payments of yearly interest),

b section 889(4) (payments in respect of building society securities),

c section 901(4) (annual payments made by persons other than individuals),

d section 903(7) (patent royalties),

e section 906(5) (certain royalty payments etc where the owner lives abroad),

f section 910(2) (proceeds of a sale of patent rights paid to non-UK residents),

g section 919(2) (manufactured interest on UK securities: payments by UK residents etc),

and h section 928(2) (chargeable payments connected with exempt distributions).

3 Subsection (1) has effect subject to any directions under section 931.

4 Subsection (1) does not apply to a payment made by a company, or qualifying partnership, acting as trustee or agent for another person.