Related Commentary  

4(1)  Each of the sums mentioned in paragraph 2(2) and (3) of Schedule 11 [ITA 2007, s. 966(1), (2), (4) and (7)] (tax payment) shall be calculated in accordance with the rules prescribed by this regulation.

4(2)  Except where it is otherwise provided by these Regulations or there is an arrangement to which this regulation refers, the tax payment shall be a proportion of the connected payment or of the value transferred by a connected transfer equal to the basic rate of income tax for the tax year in which the payment or transfer is made.


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