Income Tax Act 2007
Sections and provisions with full text and the judgments that cite each one.
Section 883 — Interest on loan to buy life annuity
Interest on loan to buy life annuity 883 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest to which section 369 of ICTA applies (interest on…
Section 884 — Relevant foreign income
Relevant foreign income 884 1 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest which is chargeable to income tax as relevant foreign income.…
Section 885 — Authorised persons dealing in financial instruments
Authorised persons dealing in financial instruments 885 1 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by a person authorised for…
Section 886 — Interest paid by recognised clearing houses etc
Interest paid by recognised clearing houses etc 886 1 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by a relevant entity if— a the…
Section 887 — Payments made by registered societies
Payments made by registered societies 887 1 The duty to deduct a sum representing income tax under section 874 does not apply to either of the following payments if they are payable to a person whose…
Section 888 — Statutory interest
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…
Section 888A — Qualifying private placements
Qualifying private placements 888A 1 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest on a qualifying private placement. 2 “ Qualifying…
Section 888DA — Payments of interest by a QAHC
Payments of interest by a QAHC 888DA The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest (however the interest arises) by a QAHC (within the…
Section 888B — Designated dividends of investment trusts
Designated dividends of investment trusts 888B The duty to deduct a sum representing income tax under section 874 does not apply to a dividend so far as it is treated as a payment of yearly interest…
Section 888C — Interest distributions of certain open-ended investment companies
Interest distributions of certain open-ended investment companies 888C The duty to deduct a sum representing income tax under section 874 does not apply to a payment of yearly interest under section…
Section 888D — Interest distribution of certain authorised unit trusts
Interest distribution of certain authorised unit trusts 888D The duty to deduct a sum representing income tax under section 874 does not apply to a payment of yearly interest under section 376 of…
Section 888E — Interest on certain peer-to-peer lending
Interest on certain peer-to-peer lending 888E 1 The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest on an amount of peer-to-peer lending. 2 In…
Section 889 — Payments in respect of building society securities
Payments in respect of building society securities 889 1 This section applies to any payment made in a tax year if— a it is a payment of a dividend or interest in respect of a security issued by a…
Section 890 — Overview of Chapter
Overview of Chapter 890 1 This Chapter contains provision about the deduction of sums representing income tax from payments of UK public revenue dividends. 2 Section 891 defines “UK public revenue…
Section 891 — Meaning of “UK public revenue dividend”
Meaning of “UK public revenue dividend” 891 In this Chapter “ UK public revenue dividend ” means any income from securities which— a is paid out of the public revenue of the United Kingdom or…
Section 892 — 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…
Section 893 — Payments of UK public revenue dividends which are payable gross
Payments of UK public revenue dividends which are payable gross 893 1 A payment of a UK public revenue dividend is payable gross if— a it is a payment of interest on gross-paying government…
Section 894 — Treasury directions
Treasury directions 894 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The Treasury may, at the request of the…
Section 895 — Deduction at source application
Deduction at source application 895 1 The holder of registered gross-paying government securities may make a deduction at source application in respect of the securities. 2 A deduction at source…
Section 896 — Withdrawal of application
Withdrawal of application 896 1 A deduction at source application may be withdrawn by notice given to the Registrar by the holder of the securities. 2 The notice must be given in such form as the…
Section 897 — Power to make regulations
Power to make regulations 897 1 The Commissioners for Her Majesty's Revenue and Customs may by regulations— a make provision as to the time and manner in which persons are to account for and pay…
Section 898 — Overview of Chapter
Overview of Chapter 898 1 This Chapter deals with the deduction of sums representing income tax from— a qualifying annual payments, and b royalties or other sums paid in respect of the use of…
Section 899 — Meaning of “qualifying annual payment”
Meaning of “qualifying annual payment” 899 1 In this Chapter “ qualifying annual payment ” means an annual payment that meets the conditions in subsections (2) to (5). 2 The payment must arise in the…
Section 900 — 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…
Section 901 — Deduction from annual payments made by other persons
Deduction from annual payments made by other persons 901 1 This section applies to any payment made in a tax year if— a it is a qualifying annual payment, and b the person who makes it is not an…
Section 902 — Meaning of “applicable rate” in section 901
Meaning of “applicable rate” in section 901 902 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 903 — Deduction from patent royalties
Deduction from patent royalties 903 1 This section applies to any payment made in a tax year if— a it is a payment of a royalty or other sum in respect of the use of a patent, and b it meets the…
Section 904 — Annual payments for dividends or non-taxable consideration
Annual payments for dividends or non-taxable consideration 904 1 For the purposes of section 899(5)(f) and 903(2)(b) this section applies to an annual payment which meets the conditions in…
Section 905 — Interpretation of Chapter
Interpretation of Chapter 905 In this Chapter “ individual ” includes a Scottish partnership if at least one partner is an individual.
Section 906 — Certain royalties etc where usual place of abode of owner is abroad
Certain royalties etc where usual place of abode of owner is abroad 906 1 This section applies to any payment made in a tax year where condition A or condition B is met. 2 Condition A is that— a the…
Section 907 — Meaning of “intellectual property”
Meaning of “intellectual property” 907 1 In section 906 “ intellectual property ” means— a copyright of literary, artistic or scientific work, b any patent, trade mark, design, model, plan, or secret…
Section 908 — Royalty payments etc made through UK resident agents
Royalty payments etc made through UK resident agents 908 1 If— a a payment to which section 906 applies is made through an agent who is UK resident, and b the agent is entitled as against the owner…
Section 909 — Royalty payments: further provision
Royalty payments: further provision 909 1 A payment to which section 906 applies is treated for all income and corporation tax purposes as made when it is made by the first person who makes it, not…
Section 910 — Proceeds of a sale of patent rights: payments to non-UK residents
Proceeds of a sale of patent rights: payments to non-UK residents 910 1 This section applies if a non-UK resident sells the whole or part of any patent rights and is chargeable in respect of the…
Section 911 — Double taxation arrangements: deduction at treaty rate
Double taxation arrangements: deduction at treaty rate 911 1 This section applies if— a a company pays a royalty from which it is required to deduct a sum representing income tax under Chapter 6 or…
Section 912 — Power to make directions disapplying section 911
Power to make directions disapplying section 911 912 1 This section applies if an officer of Revenue and Customs is not satisfied that the payee will be entitled to relief under double taxation…
Section 913 — Interpretation of sections 911 and 912
Interpretation of sections 911 and 912 913 1 In sections 911 and 912 “ royalty ” includes— a a payment received as consideration for the use of, or the right to use, a copyright, patent, trade mark,…
Section 914 — European Union
European Union 914 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 915 — Power to make directions disapplying section 914
Power to make directions disapplying section 914 915 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 916 — Duty of payee to notify if payment not exempt
Duty of payee to notify if payment not exempt 916 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 917 — Supplementary
Supplementary 917 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 917A — Tax avoidance arrangements
Tax avoidance arrangements 917A 1 This section applies if and to the extent that— a a person (“the payer”) makes an intellectual property royalty payment, b the payment is received by a person (“the…
Section 918 — Manufactured dividends on UK shares: Real Estate Investment Trusts
Manufactured dividends on UK shares: Real Estate Investment Trusts 918 1 This section applies if— a a person pays a manufactured payment as mentioned in section 614ZC(1) and the amount payable is…
Section 919 — Manufactured interest on UK securities: payments by UK residents etc
Manufactured interest on UK securities: payments by UK residents etc 919 1 This section applies if— a a person pays a manufactured payment as mentioned in section 614ZC(1), b the amount payable is…
Section 920 — Foreign payers of manufactured interest: the reverse charge
Foreign payers of manufactured interest: the reverse charge 920 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 921 — Cases where interest on underlying securities paid gross
Cases where interest on underlying securities paid gross 921 1 This section applies to manufactured interest which is representative of interest on— a gilt-edged securities, or b securities which are…
Section 922 — Manufactured overseas dividends: payments by UK residents etc
Manufactured overseas dividends: payments by UK residents etc 922 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 923 — Foreign payers of manufactured overseas dividends: the reverse charge
Foreign payers of manufactured overseas dividends: the reverse charge 923 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 924 — Power to reduce section 923 liability
Power to reduce section 923 liability 924 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 925 — Power to provide set-off entitlement
Power to provide set-off entitlement 925 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .