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HMRC internal manual

Savings and Investment Manual

From
HM Revenue & Customs
Updated
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Deduction of tax: overview and contents

Overview

This section of the Savings and Investment Income Manual explains the circumstances in which tax is deducted from such income, and in particular explains the rules on deduction of tax from interest and annual payments made by persons other than companies.

Contents

  1. SAIM9010
    Introduction
  2. SAIM9020
    Deposit takers : Bank and building society interest
  3. SAIM9030
    Deposit takers : Bank and building society interest: TDSI
  4. SAIM9035
    Local Authorities
  5. SAIM9040
    Annual payments and interest: overview
  6. SAIM9050
    Annual payments and interest: the old rules
  7. SAIM9060
    Annual payments and interest: the new rules
  8. SAIM9070
    Yearly interest
  9. SAIM9075
    Yearly interest: case law on short and yearly interest
  10. SAIM9076
    Yearly interest: practical application
  11. SAIM9078
    Yearly interest: the person by or through whom payment is made
  12. SAIM9080
    Yearly interest: 'place of abode' of recipient
  13. SAIM9090
    Yearly interest: UK source: the general rule
  14. SAIM9092
    Yearly interest: UK source: speciality debt
  15. SAIM9095
    Yearly interest: UK source: companies
  16. SAIM9100
    Yearly interest: capitalised interest
  17. SAIM9110
    Yearly interest: artificial arrangements
  18. SAIM9115
    Yearly interest: interest relating to compensation payments
  19. SAIM9116
    Yearly interest: interest relating to compensation payments: amounts paid by financial institutions
  20. SAIM9117
    Certificate of tax deducted
  21. SAIM9120
    Annual payments
  22. SAIM9130
    Annual payments: royalties
  23. SAIM9140
    Payments other than interest and annual payments
  24. SAIM9150
    Collection arrangements: deposit takers, building societies, and companies
  25. SAIM9160
    Collection arrangements: persons other than companies
  26. SAIM9170
    Collection arrangements: persons other than companies: direct collection
  27. SAIM9180
    Collection arrangements: failure to deduct tax
  28. SAIM9200
    Payment of interest overseas
  29. SAIM9210
    Payment of interest overseas: exceptions to obligation to deduct
  30. SAIM9220
    Payment of interest overseas: borrowing by UK permanent establishment of overseas company
  31. SAIM9230
    Payment of interest overseas: borrowing from UK permanent establishment of overseas company
  32. SAIM9240
    Payment of interest overseas: loan where both recipient and payer are outside the UK
  33. SAIM9250
    Payment of interest overseas: loan documentation
  34. SAIM9260
    Payment of interest overseas: bond documentation