Income Tax Act 2007

This section has no associated Explanatory Notes

548(1)Amend section 602 (payments received after deduction of tax) as follows.U.K.

(2)For “Income tax deducted under either of the following sections” substitute “ In accordance with section 848 of ITA 2007, a sum representing income tax deducted under either of the following Chapters ”.

(3)For the words after “recipient” substitute

Chapter 6 of Part 15 of ITA 2007 (deduction from annual payments and patent royalties), and

Chapter 7 of that Part (deduction from other payments connected with intellectual property).