976 Arrangements for payments of interest less tax or at specified net rate
Income Tax Act 2007 (2007 c 3) | Legislation

976  Arrangements for payments of interest less tax or at specified net rate

(1)     This section applies if—

(a)     provision is made for the payment of interest, and

(b)     the interest is payable without deduction of a sum representing income tax.

(2)     It applies—

(a)     whenever the provision was made, and

(b)     whether it was made orally

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