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Document Overview
AI Summary of 1080C. Covid-19: interest charge on relevant person under section 1080B.
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1080C. Covid-19: interest charge on relevant person under section 1080B.
(1) In this section -
'Covid-19 income tax' has the same meaning as it has in section 1080B;
'Covid-19 liabilities' has the same meaning as it has in section 991B;
'material interest' shall be construed in accordance with section 997A(1)(b);
'relevant emoluments' means emoluments paid by a relevant employer to a relevant person;
'relevant employer' means a company -
(a) in which a relevant person has a material interest, and
(b) of which the relevant person is an employee;
'relevant person' has the same meaning as it has in section 1080B.
(2) This section shall apply to a relevant person where -