Taxes Consolidation Act 1997 section 529

Limitation on credits or interim refunds of appropriate tax

Section 529 prevents professional services withholding tax (PSWT) from being set off or refunded more than once.

  • Any amount of PSWT may only be set off or refunded once under the PSWT Chapter.
  • Where PSWT has already been refunded under section 527 (interim refunds), that amount cannot also be set off against income tax or corporation tax under section 526.
  • The section ensures that the same PSWT credit cannot be used twice, whether by a combination of refund and set-off or by duplicate claims.
  • Once a PSWT amount has been refunded or set off, it is fully exhausted and no further relief is available in respect of that amount.

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