The following Tax guidance note provides comprehensive and up to date legal information covering:
This Practice Note outlines the key administrative obligations, including the due date for:
submitting information returns, and
paying the tax to HMRC
in respect of the types of payments listed in section 946 of the Income Tax Act 2007 (ITA 2007) from which UK income tax must be deducted by the payer (section 946 payments).
This note does not cover:
the administrative regime applicable to withholding tax:
which is required to be deducted by a person that is not a UK tax resident company, or
imposed on other types of income, such as employment income, or
all the information reporting obligations imposed on the person required to deduct the tax
Section 946 payments include:
a payment from which a UK tax resident company is required to deduct UK income tax under the provisions relating to:
payments of yearly interest
payments in respect of building society securities
payments of UK public revenue dividends
royalty payments where the owner lives outside the UK (for more information on UK withholding tax on royalties, see Practice Note: Withholding tax on royalties)
proceeds of a sale of patent rights paid to non-UK residents
chargeable payments connected with exempt distributions
directions by HMRC requiring deduction from payments made to non-UK residents, and
a payment from which a company is required to
**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 thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.