61 Deductions on account of tax from contract payments
Finance Act 2004 (2004 c 12) | Legislation

61  Deductions on account of tax from contract payments

(1)     On making a contract payment the contractor (see section 57(3)) must deduct from it a sum equal to the relevant percentage of so much of the payment as is not shown to represent the direct cost to [the sub-contractor] of materials used or to be used in carrying out the construction operations to which the contract under which the payment

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