Part 15Deduction of income tax at source
Chapter 8Chapters 6 and 7: special provision in relation to royalties
Discretion to make payments gross
915Power to make directions disapplying section 914
1
This section applies if an officer of Revenue and Customs is not satisfied that one or more payments to be made by a company will be exempt from income tax as a result of section 758 of ITTOIA 2005 (exemption for certain interest and royalty payments).
2
The officer may direct the company that section 914 is not to apply to the payment or payments.
3
A direction under subsection (2) may be varied or revoked by a later direction.