Section 622: Person liable
2398.This states who is liable for any tax charged. It is based on sections 660A, 660B and 677 of ICTA.
2399.Section 660A(1) of ICTA provides that income charged on the settlor is not treated as the income of any other person. Since that person could be a company, and outside the scope of this Act, new section 660C(4) of ICTA (see paragraph 272(4) of Schedule 1 to this Act) ensures that a charge cannot be made on a company in respect of that income.