{
  "url": "https://openlegislation.uk/income-tax-building-societies-dividends-and-interest-amendment-regulations-1992/note",
  "json_url": "https://openlegislation.uk/income-tax-building-societies-dividends-and-interest-amendment-regulations-1992/note.json",
  "legislation": "uksi/1992/11",
  "legislation_title": "The Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/income-tax-building-societies-dividends-and-interest-amendment-regulations-1992",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations, which are made under section 477A (1) and (2) of the Income and Corporation Taxes Act 1988 and come into force on 30th January 1992, amend the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990 (S.I. 1990/2231) (“the Building Societies Regulations”). In addition to making changes of a drafting nature, the amendments extend the categories of payments which may be made without deduction of tax by building societies and the categories of persons who can sign certificates and declarations. The amendments also exclude from the ambit of the Regulations payments in respect of quoted securities and provide for the furnishing of information in connection with payments of dividends and interest made by building societies.\nRegulation 1 provides for citation and commencement and regulation 2 contains definitions.\nThe remainder of the Regulations make amendments to the Building Societies Regulations.\nRegulation 3 provides for further definitions to be inserted in regulation 2 of the Building Societies Regulations.\nRegulations 4 and 5(a) exclude payments of dividends and interest in respect of quoted securities from the ambit of the Building Societies Regulations.\nRegulation 5(b) extends the categories of payments of dividends and interest which may be made without deduction of tax to payments in respect of an investment forming part of a Lloyds premiums trust fund and payments to local authorities.\nRegulation 6(a) extends the categories of persons who may sign a certificate of non-liability to tax to specified persons who may sign on behalf of persons suffering from mental disorder.\nRegulations 6(b), 7, 8, 11 and 12 make drafting amendments.\nRegulation 9, together with the definition of “appropriate person” in regulation 3, extends the categories of persons who may sign declarations enabling certain payments to be made without deduction of tax.\nRegulation 10 specifies information relating to payments of dividends and interest which a building society may be required to include in a return under section 17 of the Taxes Management Act 1970 as adapted to payments of dividends and interest by building societies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/11/note",
    "retrieved_at": "2026-10-29T14:31:24.118482+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."
}