ITA07/Part15/Chapter 11

Where on or after 1 April 2001:

a company, or a partnership if any member of the partnership is a company

and also, on or after 1 October 2002:

a local authority, or

a partnership if any member of the partnership is a local authority

makes payments of the types listed below and reasonably believes that the recipient is within one of the categories also listed below the obligation to deduct tax is removed.

Types of payment

The payments concerned are payments that fall within ITA07/S930 (2), namely:

yearly interest

annual payments

dividend or interest on securities issued by building societies

patent royalties

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