# The Local Authorities (Contracting Out of Tax Billing, Collection and Enforcement Functions) Order 1996, Article 68: Deduction of tax from payments of interest


In relation to the function of paying interest on any amount falling due to a ratepayer, a contractor shall ensure that there is deducted out of the payment of interest any sum representing income tax which is deductible in accordance with section 349(2) of the Income and Corporation Taxes Act 1988 (payments not out of profits or gains brought into charge to income tax, and annual interest).

---
Source: https://www.legislation.gov.uk/uksi/1996/1880/article/68 (the official version)
Page: https://openlegislation.uk/local-authorities-contracting-out-of-tax-billing-collection-and-enforcement-functions-order-1996/article-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.