{
  "url": "https://openlegislation.uk/gilt-edged-securities-periodic-accounting-for-tax-on-interest-regulations-1995",
  "json_url": "https://openlegislation.uk/gilt-edged-securities-periodic-accounting-for-tax-on-interest-regulations-1995.json",
  "id": "uksi/1995/3224",
  "title": "The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995",
  "short_title": "Gilt-edged Securities (Periodic Accounting for Tax on Interest) 1995",
  "long_title": "Section 51A(1) of the Income and Corporation Taxes Act 1988 (“the 1988 Act”), inserted by section 77 of the Finance Act 1995 (“the 1995 Act”), provides that, in certain circumstances, interest on gilt-edged securities shall be paid without deduction of income tax and that the interest so paid shall be chargeable under Case III of Schedule D. Section 51B of the 1988 Act, inserted by section 78(1) of the 1995 Act, provides that the Treasury may by regulations provide that persons to whom payments of interest on gilt-edged securities are made without deduction of tax (“gross payments”) shall make periodic returns to an officer of the Commissioners of Inland Revenue. These Regulations exercise the powers conferred on the Treasury by section 51B of the 1988 Act.",
  "citation": "S.I. 1995/3224",
  "type": "uksi",
  "year": "1995",
  "number": "3224",
  "version": "current",
  "date": "1995-12-11",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 10,
  "provisions": [
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      "heading": "Introductory text",
      "url": "https://openlegislation.uk/gilt-edged-securities-periodic-accounting-for-tax-on-interest-regulations-1995/introduction",
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      "heading": "Citation and commencement",
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      "extent": null,
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      "heading": "Interpretation",
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      "path": "regulation/3",
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      "heading": "Relevant companies",
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      "extent": null,
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      "heading": "Requirement to make returns",
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      "heading": "Return periods and due date for returns",
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      "path": "regulation/6",
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      "heading": "Amounts to be shown on returns made by resident companies",
      "url": "https://openlegislation.uk/gilt-edged-securities-periodic-accounting-for-tax-on-interest-regulations-1995/regulation-6",
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      "path": "regulation/8",
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      "number": "8",
      "heading": "Amounts of excess gilt interest and aggregate amount of excess gilt interest received",
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      "heading": "Tax for which relevant company accountable",
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    {
      "path": "regulation/10",
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      "heading": "Set off of tax against tax payable in accordance with Schedule 16",
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      "path": "regulation/11",
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      "heading": "Set off against tax for previous return periods",
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    {
      "path": "regulation/12",
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      "heading": "Carry forward of tax on excess gilt interest paid",
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      "extent": null,
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      "path": "regulation/13",
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      "heading": "Payments on account and special returns—relevant companies other than building societies",
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      "path": "regulation/14",
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      "heading": "Payments on account and special returns—relevant companies which are building societies",
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    {
      "path": "regulation/15",
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      "heading": "Consequences of set off",
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      "heading": "Payment of tax",
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      "path": "regulation/17",
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      "heading": "Collection proceedings following claims",
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      "path": "regulation/18",
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      "heading": "Assessments and due date of tax",
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      "path": "regulation/19",
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      "number": "19",
      "heading": "Interest payable on amounts of tax unpaid",
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      "path": "regulation/20",
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      "heading": "Interest payable where payment on account excessive",
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      "extent": null,
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      "path": "regulation/21",
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      "number": "21",
      "heading": "Saving",
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      "path": "signature",
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      "affecting_title": "The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996",
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    "retrieved_at": "2026-10-29T12:55:55.551695+00:00"
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  "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."
}