08 November 2006
A husband and wife, both non-resident, each have retirement annuities. Their total UK incomes are such that the provisions of FA 1995, s 128 apply and the tax each year on the retirement annuities is restricted to the tax deducted at source, currently 22%. With PAYE being applied to retirement annuities from next 5 April, what codes should be operated next year?
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