A4.432 Meaning of 'qualifying annual payment'
A sum representing income tax at the basic rate must be deducted from a 'qualifying annual payment' at the time it is made1. A qualifying annual payment must meet the following criteria2:
(i) it must arise in the United Kingdom3
(ii) if the recipient is a person other than a company, the payment must be one charged to income tax under ITTOIA 2005, s 579, ITTOIA 2005, ss 422–426 (Pt 4, Ch 7), ITTOIA 2005, ss 614–618 (Pt 5, Ch 4) and ITTOIA 2005, ss 683–686 (Pt 5, Ch 7), or charged to income tax under
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