{
  "url": "https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2008/note",
  "json_url": "https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2008/note.json",
  "legislation": "uksi/2008/2688",
  "legislation_title": "The Income Tax (Interest Payments) (Information Powers) (Amendment) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2008",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThe Income Tax (Interest Payments) (Information Powers) Regulations 1992 (“the Information Powers Regulations”) prescribe further information to be supplied in certain circumstances in addition to that provided in a return regarding the payment or crediting of interest under section 17 of the Taxes Management Act 1970 (TMA) or in a notice given where interest is paid without deduction of income tax under section 18 of the TMA.\nSection 17 of the TMA was amended by paragraph 247 of Part 2 of Schedule 1 to the Income Tax Act 2007 following the re-write of the income tax provisions formerly in the Income and Corporation Taxes Act 1988. The Income Tax (Deposit-takers and Building Societies) (Interest Payments) Regulations 2008 (SI 2008 No. 2682) also re-wrote the main secondary legislation relating to the deduction of an amount representing income tax from interest paid by deposit-takers and building societies. These regulations make the necessary consequential amendments to the Information Powers Regulations to reflect the terminology used in the rewritten legislation.\nRegulation 1 provides for citation, commencement and effect.\nRegulation 2 introduces the amendments to the Information Powers Regulations which are contained in regulations 3 to 11.\nA full and final Impact Assessment has not been produced for this instrument as a negligible impact on the private or voluntary sectors is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/2688/note",
    "retrieved_at": "2026-10-29T03:23:27.791809+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."
}