{
  "url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992/regulation-2",
  "json_url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992/regulation-2.json",
  "legislation": "uksi/1992/10",
  "legislation_title": "The Income Tax (Building Societies) (Audit Powers) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations unless the context otherwise requires—\n“agreement” means agreement in writing and “agree” shall be construed accordingly;\n“audit report” means a report make by an auditor in respect of an audit carried out pursuant to these Regulations;\n“auditor” means an individual or firm whose name appears in the register of auditors kept pursuant to the Companies Act 1989 (Register of Auditors and Information about Audit Firms) Regulations 1991;\n“the Board” means the Commissioners of Inland Revenue;\n“the Building Societies Regulations” means the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990;\n“deposit-taker” has the meaning given by section 481(2) of the Income and Corporation Taxes Act 1988;\n“dividend” means any distribution in respect of an investment, including any qualifying distribution as defined for the purposes of the Corporation Tax Acts and whether described as a dividend or otherwise;\n“excluded investment” has the meaning given by regulation 5;\n“gross payment” means a payment made without deduction of tax by a building society of a dividend or interest in respect of an investment which at the time of payment falls within any of the descriptions in sub-paragraphs (a) to (l), (o) and (p) of regulation 4(1) of the Building Societies Regulations;\n“investment” includes any shareholding, deposit or loan;\n“notice” means notice in writing;\n“payment” (except in relation to a payment to the Board) includes “credit” and “paid” shall be construed accordingly;\n“Special Reports booklet” means the booklet entitled “Special Reports of Accountants” published by the Auditing Practices Committee of the Consultative Committee of Accountancy Bodies in 1984.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1991/1566."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1990/2231, amended by S.I. 1992/11."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 481(2) was amended by paragraph 8 of Schedule 5, and Part IV of Schedule 19, to the Finance Act 1990."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Regulation 4 was amended by regulation 5 of S.I. 1992/11."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/10/regulation/2",
    "retrieved_at": "2026-10-29T14:31:24.830888+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."
}