– see also PAYE

Annual payments

Commercial payments made by individuals

Generally

Overview

Persons other than individuals

Qualifying annual payment, meaning

Banks

Banks, building societies and other deposit-takers

Assessment to recover tax from payers

Audit powers

Bank of England

Certificates

Deposit-takers, meaning

Duty to deduct tax

European deposit-takers

Exceptions

Generally

HMRC's powers

Joint accounts

Local authorities

Net income tax suffered set against corporation tax

Non-relevant investments

Non-residents

Non-tax payers

Payments affected

Penalties

Records

Relevant investments

Returns of payments made

Set-off of income tax suffered at source

Building societies

Building society securities

Conditions to be satisfied

Duty to deduct tax

Calculation by reference to gross amounts

Collection of tax

Assessments to recover tax

Generally

HMRC's powers

Net income tax suffered set against corporation tax

Payments affected

Returns

Set-off of income tax deducted

Companies

Chargeable payments connected with exempt distributions

Exception from duty to deduct

Payments on behalf of

Companies, excepted payments

Construction industry subcontractors

Deposit, meaning

Deposit-takers, by

Derivative contracts

Distributions, interest paid

Double taxation relief

Employment income

Entertainers

– see also Entertainers

Generally

Financial instrument, meaning

Foreign currency securities

Funding bonds

Generally

History of

Individuals and other non-corporate persons

Intellectual property, payments to persons outside the UK

Agents

Capital sums

Duty to deduct tax

Relevant intellectual property rights

Intellectual property, royalties and payments connected with

Double taxation arrangements, treaty rate

Relevant intellectual property right, meaning

Sale of patent rights, payments to non-residents

UK resident agents, payments etc. made through

Usual place of abode of owner is abroad

Interaction with other Income Tax Acts provisions

Interaction with other provisions

Interest

Interest paid, duty to deduct

Banks, exception

Building societies, exception

Deposit takers, exception

Financial instruments, exception

Generally

Industrial and provident society payments, exception

National Savings Bank, exception

Purchased life annuities, exception

Quoted Eurobonds, exception

Recognised clearing houses, exception

Relevant foreign income, exception

Statutory interest, exception

UK public revenue dividends, exception

Interest payments, less tax or at specified rate

International organisations

Loan relationships for trading purposes

Local authorities, exception from duties to deduct

Manufactured payments

Mortgage interest relief

– see MIRAS

Non-resident companies

Non-residents

Entertainers and sportsmen

Landlords

Notice to pay at treaty rates

Over-deductions

Overview

Partnerships, exceptions from duties to deduct

Patent royalties

– see also Patents

Dividends or non-taxable consideration

Duty to deduct sums

Interpretation

Overview

Qualifying annual payment, meaning

PAYE

– see PAYE

Payments subject to

Pension income

Persons other than UK resident company

Public offices and departments

Public revenue dividends

Qualifying certificate of deposit, meaning

Qualifying uncertificated eligible debt security unit, meaning

Quoted Eurobond, meaning

Rate of tax

Real estate investment trusts distributions

Refusal to allow

Returns

Companies

Individuals

Trustees and others

Self-assessment returns

Sports persons

Sportsmen

– see Sportsmen

Statements

Generally

Interest

Sums treated as income tax paid by recipient

Tax credits

– see Tax credits

Treated as income tax paid

Treaty-based procedures

Unauthorised unit trusts

Under-deductions

Visiting performers

Yearly interest