Annuities and interest on registered securities are often
paid under deduction of tax at the basic or lower rate.
Where an individual receives such income but has no net
liability to tax for the year he is entitled to repayment of the
full amount of the tax deducted. In these circumstances special
arrangements may be made with the payer of the annuity or interest
to make the payment in full without deduction of tax.
The special arrangements can also be applied to societies and
funds which have established the title to total exemption from
Income Tax.
