60 Contract payments
Finance Act 2004 (2004 c 12) | Legislation

Deductions on account of tax from contract payments to sub-contractors

60  Contract payments

(1)     In this Chapter “contract payment” means any payment which is made under a construction contract and is so made by the contractor (see section 57(3)) to—

(a)     the sub-contractor,

(b)     a person nominated by the sub-contractor or the contractor, or

(c)     a person nominated by a person who is a sub-contractor under another such contract relating to all or any of the construction operations.

(2)     But a payment made under a construction contract is not a contract payment if any of the following exceptions applies in relation to it.

(3)     This exception applies if the payment is treated as earnings from an employment by virtue of Chapter 7 of Part 2 of the Income Tax (Earnings and Pensions) Act 2003 (c 1) (agency workers).

[(3A)     This exception applies in so far as—

(a)     the payment can reasonably be taken

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