# Income Tax Act 2007, Section 979: Designated international organisations: exceptions from duties to deduct


(1) The Treasury may by order designate for the purposes of this section any international organisation of which the United Kingdom is a member.
(2) The duty to deduct under section 874 (duty to deduct from certain payments of yearly interest) does not apply to a payment of interest made by—
(a) an organisation designated under subsection (1), or
(b) a partnership of which an organisation so designated is a member.
(3) None of the duties to deduct under Chapters 6, 7 (deduction from annual payments, patent royalties and other payments connected with intellectual property) and 14 (directions for duty to deduct to apply in tax avoidance cases) apply to a payment made by an organisation designated under subsection (1).
(4) The duties to deduct under sections 919(2) and 922(2) do not apply in a case where the payer of the manufactured interest or (as the case may be) the manufactured overseas dividend is an organisation designated under subsection (1).

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/979 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-979
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.