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Regulation 3 Amendment of the Income Tax (Interest Payments) (Information Powers) Regulations 1992

Original text. Later amendments are not shown.

In regulation 2 (interpretation)—

(a)

after the definition of “account-holder” insert—

  • ““building society” means a building society within the meaning of the Building Societies Act 1986f1;

  • “the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs;”;

(b)

omit the definition of “the Board”;

(c)

omit the definition of “Building Societies Regulationsf2”;

(d)

in the definition of “deposit-taker” for “section 481(2) of the Taxes Act” substitute “section 853 of ITA 2007”;

(e)

for the definition of “the Deposit-takers Regulations” substitute—

  • ““the Deposit-takers and Building Societies Regulations” means the Income Tax (Deposit-takers and Building Societies) (Interest Payments) Regulations 2008;”;

(f)

after the definition of “the Deposit-takers and Building Societies Regulations” insert—

  • ““interest” shall be construed in accordance with section 850(6) of ITA 2007;

  • “ITA 2007” means the Income Tax Act 2007f3;

  • “ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005f4;”; and

(g)

for the definition of “payment” substitute—

  • ““payment” means a payment of interestf5;”.

Annotations

Footnotes

f1

1986 c. 53.

f2

The definition of “Building Societies Regulations” was inserted by regulation 3(a) of S.I. 2001/405.

f3

2007 c. 3.

f4

2005 c. 5.

f5

The definition of “payment” was amended by regulation 3(b) of S.I. 2001/405.