The following provisions apply to an annual payment which:
(1) is made under a liability incurred for a consideration in money or money's worth;
(a) consists in whole or in part of a dividend or the right to receive a dividend; or
(b) is not required to be brought into account in calculating for the purposes of income tax or corporation tax the income of the person making the payment;
(a) is charged to income tax under the provisions relating to annual payments1; or
(b) is required to be brought into account for corporation tax
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