Income Tax (Earnings and Pensions) Act 2003 section 597

Person liable for tax

Section 597 identifies who is liable to pay tax on annuities that fall within section 595 of the Act.

  • This section specifies the person chargeable to tax on certain annuities.
  • The person liable is the individual who receives the annuity income or is entitled to receive it.
  • Under the previous legislation (ICTA, Schedule E), no specific person was identified as chargeable on this type of income.
  • This provision was introduced as a new clarification, formalising who bears the tax liability on these annuity payments.

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