BIM65815 - Measuring the profits (particular trades): solicitors: interest paid by or through a solicitor

Where interest is required to be paid under deduction of tax, (for example, to a person whose usual place of abode is abroad - see AP92), a solicitor will be required deduct tax at source under ICTA 88/S349 if he is the person by or through whom the payment is made. This is applicable only if the client would have been obliged to deduct tax if they paid the interest themselves. The tax so deducted should be accounted for in accordance with ICTA88/S350.