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Contents

Official guidance
Company Taxation Manual

CTM49300 · Building societies: deduction of income tax

  • CTM49360 · Main features
  • CTM49365 · Return periods
  • CTM49370 · Deduction of income tax from interest on marketable securities
  • CTM49380 · Deduction of income tax from interest on marketable securities - return period
  • CTM49390 · Deduction of income tax from interest on annuities or other annual payments - return period
  1. Building societies: deduction of income tax: contents
  2. Building societies: deduction of income tax: deduction of income tax from interest on annuities or other annual payments - return period

CTM49390 | Building societies: deduction of income tax: deduction of income tax from interest on annuities or other annual payments - return period

From HM Revenue & Customs · Company Taxation Manual

Building societies are required to account for and pay Income Tax in respect of annuities or other annual payments from which tax is deductible under ITA07/S901.

As outlined in CTM49380, this tax is accounted for and paid at the same time as other Income Tax deducted.

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