Regulation 11 Amendments to the principal Regulations

After regulation 12(3) add the following paragraphs—

“(4)

In the cases specified in paragraph (5), a notice under section 17(1) of the Taxes Management Act 1970 shall not require information.

(5)

The cases specified are—

(a)

a payment in respect of a certificate of deposit within the meaning given by section 56(5) of the Taxes Act;

(b)

a payment in respect of an investment held by a branch of a building society to whom a notice under paragraph (2) is issued, where the branch is situated in a territory other than the United Kingdom;

(c)

a payment falling within regulation 4(1)(a) in respect of which the information that the notice under section 17(1) of the Taxes Management Act 1970 shall not require is the name and address of the person to whom the dividend or interest was paid or credited, if other than the person beneficially entitled to the dividend or interest;

(d)

a payment in respect of an account which is a tax exempt special savings account for the purposes of section 326A of the Taxes Act^f1;

(e)

a payment in respect of an investment under a plan provided for by regulations made under section 333 of the Taxes Act^f2;

(f)

any other payment not falling within any of sub-paragraphs (a) to (e) which is specified in a notice under paragraph (2) as being a payment in respect of which information is not required.”.