This Practice Note outlines the key administrative obligations, including the due date for:

1. •

   submitting information returns, and

2. •

   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), ie payments of yearly interest, certain payments related to intellectual property (IP) rights (including royalty payments) and annual payments.

This Practice Note does not cover:

1. •

   the administrative regime applicable to withholding tax:

   1. ◦

      which is required to be deducted by a person that is not a UK tax resident company—in many such cases, the withheld tax is accounted for to HMRC by way of the payer’s self-assessment tax return but in some cases, the withheld tax is collected by way of direct assessment, or

   2. ◦

      imposed on other types of income, such as employment income, or

2. •

   all the information reporting obligations imposed on the person required