Income Tax Act 2007

876Interest paid by deposit-takersE+W+S+N.I.
This sectionnoteType=Explanatory Notes has no associated

(1)The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest in respect of which a deposit-taker has a duty to deduct under section 851.

(2)The duty to deduct a sum representing income tax under section 874 does not apply to a payment in respect of which a deposit-taker would have a duty to deduct under section 851 but for—

(a)regulations under section 852, or

(b)any of sections 858 to 861.