Income Tax (Trading and Other Income) Act 2005 section 689

Person liable

Section 689 identifies who is responsible for paying tax on income charged under Chapter 8, which deals with income not otherwise charged to tax.

• The person who receives the income is the one liable to pay the tax charged under this chapter.
• Alternatively, the person who is entitled to the income bears the tax liability, even if they have not yet received it.
• This applies to all income falling within the scope of Chapter 8 of the Act.
• There is no provision for transferring this liability to another party.