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.