Commentary on Sections Overview Overview Section 892: Duty to deduct from certain UK public revenue dividends
2689.This section sets out the general duty to deduct a sum representing income tax from payments of UK public revenue dividends. It is based on sections 4, 50 and 349(3C) of ICTA.
2690.Subsection (2) makes it explicit that the rate at which deduction must be made is the savings rate, that being the rate applicable to income within Chapter 2 of Part 4 of ITTOIA.