Revenue eBrief No. 326/24
17 December 2024
Outbound payments defensive measures
Tax and Duty Manual Part 33-05-01 has been updated to reflect Finance Act 2024 amendments. The updates have been made to:
- Section 3.8. ‘Excluded payment’.
- Section 5.2. ‘Section 817U(6) - tax transparent entity and one or more owners located in the same territory’.
Additionally, Example 5.1.2 has been revised to provide clarification on the association test as it applies in that example.