# The Income Tax (Interest Payments) (Information Powers) (Amendment) Regulations 2008, Regulation 3: Amendment of the Income Tax (Interest Payments) (Information Powers) Regulations 1992


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 1986;
“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 Regulations”;
(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 2007;
“ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005;”; and
(g) for the definition of “payment” substitute—
““payment” means a payment of interest;”.

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Source: https://www.legislation.gov.uk/uksi/2008/2688/regulation/3 (the official version)
Page: https://openlegislation.uk/income-tax-interest-payments-information-powers-amendment-regulations-2008/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.