234. Annual payments not otherwise charged.

Income tax is charged under these provisions on annual payments that are not charged to income tax under or as a result of any other provision of the Income Tax (Trading and Other Income) Act 2005 or any other Act1.

The frequency with which payments are made is ignored in determining whether they are annual payments2.

The income charged to income tax under these provisions is the full amount of the annual payments arising in the tax year3; and the person liable for any tax so charged is the person receiving or entitled to the annual payments4.

The income tax charge under