{
  "url": "https://openlegislation.uk/finance-act-2016/schedule-6/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-2016/schedule-6/paragraph-2.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "schedule/6/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "In section 876 of ITA 2007 (interest paid by deposit-takers), for subsections (1) and (2) substitute—\n“(1) The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest on an investment if—\n(a) the payment is made by a deposit-taker, and\n(b) when the payment is made, the investment is a relevant investment.\n(1A) In this section “deposit-taker”, “investment” and “relevant investment” have the meaning given by Chapter 2.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/schedule/6/paragraph/2",
    "retrieved_at": "2026-10-29T09:06:05.350093+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."
}