916Duty of payee to notify if payment not exemptU.K.
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(1)This section applies if before a payment of a royalty is made, the company beneficially entitled to the income in respect of which the payment is to be made—
(a)believed that the payment was exempt from income tax as a result of section 758 of ITTOIA 2005 (exemption for certain interest and royalty payments), but
(b)has subsequently become aware that any of conditions A to C in that section have ceased to be met.
(2)The company must without delay notify—
(a)an officer of Revenue and Customs, and
(b)the company which is to make the payment.