Every agreement for payment of an annual payment in full without a deduction of tax required by the Tax Acts is void1, but only in so far as it prohibits the deduction2. However, this provision does not apply to wills3 or to orders of court, although it does apply to an agreement made in compliance with such an order4.
However, an agreement to pay an annuity5 of such a sum as, after deduction of income tax at the basic rate, will be
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234