Application of PAYE to annuities etc.U.K.
60U.K.In section 683(3) of ITEPA 2003 (PAYE pension income), after the entry relating to section 579B of that Act insert— “ section 612, so far as relating to annuities to which section 610 applies (annuities under non-registered occupational pension schemes), ”.
Commencement Information
I1Sch. 10 para. 60 in force at 6.4.2007, see Sch. 10 para. 64(2)
61U.K.In Schedule 36 to FA 2004 (transitional provisions), omit—
(a)paragraph 43 (continuation of Chapter 9 of Part 9 of ITEPA 2003 for certain annuity contracts with continued exclusion from PAYE), and
(b)paragraph 46 (application of PAYE to certain existing annuity contracts taxable under section 612 of ITEPA 2003).
Commencement Information
I2Sch. 10 para. 61 in force at 6.4.2007, see Sch. 10 para. 64(2)
62U.K.In sections 348(1A) and 349(1A) of ICTA (deduction of tax), omit—
(a)paragraph (b), and
(b)in paragraph (c), “, 610”.
Commencement Information
I3Sch. 10 para. 62 in force at 6.4.2007, see Sch. 10 para. 64(2)