Commentary

A4.464 Payments under ITA 2007, Pt 15

Administration and compliance

A4.464 Payments under ITA 2007, Pt 15

Collection of tax deducted at source

A4.464 Payments under ITA 2007, Pt 15

All relevant payments by individuals must now be made under deduction of tax, which must be accounted for under self-assessment (see A4.465) and there is no longer an entitlement to retain any sums deducted. Where an individual makes a qualifying annual payment, or pays a patent royalty, he is entitled to relief, not (by deducting and retaining a sum equal to basic rate tax, but by deducting from his net income the gross amount of the payment1. The rule for obtaining relief applies regardless of whether

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