Commentary on Sections Overview Chapter 1: Introduction Section 849: Interaction with other Income Tax Acts provisions
2560.This section provides information about how this Part interacts with other provisions. It is new.
2561.Subsection (1) gives a signpost to regulations made under the provisions of ICTA about double taxation relief, such as the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488). Under these regulations a duty to deduct may be disapplied or modified.
2562.Subsection (3) provides that anything covered by the general disregard in section 783 of ITTOIA is ignored for the purposes of the duties under this Part, subject to any contrary provision.
2563.Subsection (4) gives a signpost to paragraphs 11 to 13 of Schedule 2 to FA 2005 (alternative finance arrangements) inserted by this Act. Alternative finance return and profit share return are treated as interest (and therefore, if the arrangements meet the relevant conditions, yearly interest) for the purposes of this Part.