{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-854",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-854.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/854",
  "kind": "section",
  "number": "854",
  "heading": "Power to prescribe persons as deposit-takers",
  "text": "(1) This section applies to a person who receives deposits in the course of carrying on business or activities and—\n(a) is for the time being prescribed by order by the Treasury for the purposes of this section, or\n(b) is a member of a class of persons which is for the time being so prescribed.\n(2) An order under this section may prescribe a person or class of person—\n(a) in relation to all deposits which are relevant investments, or\n(b) in relation to deposits which are relevant investments of a kind specified in the order.\n(3) If a person is prescribed only in relation to deposits which are relevant investments of a kind specified in the order, the reference in section 876(1)(b) to “relevant investment” is to be read as a reference only to relevant investments of the kind so specified.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 854(3) substituted (with effect in accordance with Sch. 6 para. 28 of the amending Act) by Finance Act 2016 (c. 24), Sch. 6 para. 8"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/854",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}