{
  "url": "https://openlegislation.uk/deposit-takers-interest-payments-discretionary-or-accumulation-trusts-regulations-1995",
  "json_url": "https://openlegislation.uk/deposit-takers-interest-payments-discretionary-or-accumulation-trusts-regulations-1995.json",
  "id": "uksi/1995/1370",
  "title": "The Deposit-takers (Interest Payments) (Discretionary or Accumulation Trusts) Regulations 1995",
  "short_title": "Deposit-takers (Interest Payments) (Discretionary or Accumulation Trusts) 1995",
  "long_title": "By virtue of section 481(5B) of the Income and Corporation Taxes Act 1988 (inserted by section 86(4) of the Finance Act 1995), the requirement for deposit-takers to deduct tax from any payment of interest made on or after 6th April 1996 to a discretionary or accumulation trust in respect of a deposit does not apply where the deposit was made before 6th April 1995, unless the deposit-taker has been given a notification by the Inland Revenue or by the trustees concerned prior to the making of the payment that interest in respect of the deposit is income arising to such a trust. These Regulations make provision in relation to such notifications.",
  "citation": "S.I. 1995/1370",
  "type": "uksi",
  "year": "1995",
  "number": "1370",
  "version": "current",
  "date": "1995-05-23",
  "revised": false,
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      "heading": "Introductory text",
      "url": "https://openlegislation.uk/deposit-takers-interest-payments-discretionary-or-accumulation-trusts-regulations-1995/introduction",
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    },
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      "url": "https://openlegislation.uk/deposit-takers-interest-payments-discretionary-or-accumulation-trusts-regulations-1995/regulation-1",
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      "heading": "Discretionary or accumulation trust—form of notification",
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      "extent": null,
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    },
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      "path": "regulation/4",
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      "heading": "Receipt of notification by deposit-taker",
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      "heading": "Cancellation of notification",
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    },
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    }
  ],
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  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "Regulations",
      "affecting": "ukpga/2007/3",
      "affecting_title": "Income Tax Act 2007",
      "affecting_provisions": "Sch. 3 Pt. 1"
    }
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  "made_under": [
    {
      "id": "ukpga/1988/1",
      "title": "Income and Corporation Taxes Act 1988",
      "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988",
      "provisions": [
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  "instruments_made_under_url": "https://openlegislation.uk/deposit-takers-interest-payments-discretionary-or-accumulation-trusts-regulations-1995/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1370",
    "retrieved_at": "2026-10-29T13:08:53.506374+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}