Statute
Section 980 — Income Tax Act 2007: Derivative contracts: exception from duties to deduct
Text of the provision Official document
Derivative contracts: exception from duties to deduct 980 1 Despite the provisions of this Part, a company is not required to deduct a sum representing income tax from a payment made under a derivative contract to which this section applies.
2 This section applies to a derivative contract if profits and losses arising from it are calculated in accordance with Part 7 of CTA 2009 .
Official source: legislation.gov.uk
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