# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69Z23: Deduction of tax from PAIF distributions (interest)

Extent: E+W+S+N.I.

(1) On making a PAIF distribution (interest), an open-ended investment company to which this Part applies must deduct a sum representing income tax at the basic rate in force for the tax year in which the PAIF distribution (interest) is made.
(2) Accordingly, the sum is one to which section 874 of ITA 2007 applies.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) This regulation is subject to regulation 69Z24 (distribution payments to be made without deduction of tax).

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z23 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-69Z23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.