Related Commentary  Related HMRC Manuals

1236(1)  This section applies if–

(a)a company with investment business (“the employer”) is liable to make payments to an individual,

(b)income tax falls to be deducted from those payments as a result of PAYE regulations, and

(c)the employer withholds sums from those payments in accordance with an approved scheme and pays the sums to an approved agent.

1236(2)  Expenses falling within subsection (3) are treated for the purposes of Chapter 2 as expenses of management.

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