# Income Tax Act 2007, Section 888C: Interest distributions of certain open-ended investment companies


The duty to deduct a sum representing income tax under section 874 does not apply to a payment of yearly interest under section 373 of ITTOIA 2005 (in the case of certain open-ended investment companies, payments of yearly interest treated as made where distributable amount shown in accounts as yearly interest).

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/888C (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-888C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.