{
  "url": "https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2001/regulation-4",
  "json_url": "https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2001/regulation-4.json",
  "legislation": "uksi/2001/405",
  "legislation_title": "The Income Tax (Interest Payments) (Information Powers) (Amendment) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2001",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Amendments to the Income Tax (Interest Payments) (Information Powers) Regulations 1992",
  "text": "For regulation 3 substitute the following regulation—\n“Disapplication of section 17(1) and section 18(1)\n3 (1) In the cases prescribed by paragraph (2), a notice under section 17(1) shall not require information.\n(2) The cases prescribed are—\n(a) a payment in respect of a certificate of deposit within the meaning given by section 56(5) of the Taxes Act;\n(b) a payment in respect of an investment held by a branch of a person to whom a notice under section 17(1) is issued, where the branch is situated in a territory other than the United Kingdom;\n(c) a payment falling within regulation 6(2)(ba) in respect of which the information that the notice under section 17(1) shall not require is the name and address of the person to whom the interest was paid or credited, if other than the person beneficially entitled to the interest;\n(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;\n(e) a payment in respect of an investment under a plan provided for by regulations made under section 333 of the Taxes Act;\n(f) any other payment not falling within any of sub-paragraphs (a) to (e) which is specified in the notice under section 17(1) as being a payment in respect of which information is not required.\n(3) In the cases prescribed by paragraph (4), a notice under section 18(1) shall not require information.\n(4) The cases prescribed are—\n(a) any amount to which a person holding a relevant discounted security is entitled on the redemption of that security, where the amount is paid or received on or before 5th April 2002;\n(b) a foreign dividend paid or received on or before 5th April 2002;\n(c) a payment to or a receipt for a person other than an individual (in whatever capacity the individual is acting), except where the case also falls within regulation 5 or regulation 6(2)(ba) or (3)(d);\n(d) a payment information on which is required by a notice under section 17(1) or which is excluded from a notice under section 17(1) by virtue of paragraph (2) above;\n(e) a payment made in respect of a deposit held at a branch of a person to whom a notice under section 18(1) is issued, where the branch is situated in a territory other than the United Kingdom;\n(f) a payment falling within regulation 6(2)(ba) or (3)(d) in respect of which the information that the notice under section 18(1) shall not require is the name and address of the person to whom the interest was paid or credited, if other than the person beneficially entitled to the interest;\n(g) 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;\n(h) a payment in respect of an investment under a plan provided for by regulations made under section 333 of the Taxes Act;\n(i) any other payment not falling within any of sub-paragraphs (a) to (h) which is specified in the notice under section 18(1) as being a payment in respect of which information is not required.\n(5) In paragraph (4)—\n(a) “relevant discounted security” has the meaning given by paragraph 3 of Schedule 13 to the Finance Act 1996;\n(b) “foreign dividend” means a “foreign dividend” within the meaning given by section 18(3G) of the Management Act other than interest.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 326A was inserted in the Income and Corporation Taxes Act 1988 by section 28(1) of the Finance Act 1990 and amended by section 63(1) to (3) of the Finance Act 1995 (c. 4) and section 78 of the Finance Act 1998 (c. 36)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The relevant Regulations referred to in regulation 3(2)(e) and (4)(h) are S.I. 1989/469, 1998/1870 and 1871."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Paragraph 3 of Schedule 13 was amended by section 65(1) to (4) of, and Part III(16) of Schedule 20 to, the Finance Act 1999 (c. 16)."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Section 18(3D) to (3G) was substituted for section 18(3D) by section 145(9) of the Finance Act 2000."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/405/regulation/4",
    "retrieved_at": "2026-10-29T08:04:11.711056+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."
}