# Income Tax Act 2007, Paragraph 88

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

(1) Amend section 477A (building societies: regulations for deduction of tax) as follows.
(2) Omit subsections (1) to (2A).
(3) In subsection (3)—
(a) omit the words from “For any” to “above apply,”, and
(b) in paragraph (b) omit the words “paid or credited in the year of assessment”.
(4) Omit subsection (7).
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) In subsection (10) omit the definitions of “qualifying certificate of deposit”, “qualifying deposit right” and “security”.
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-88
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.