Regulation 5 Commencement of tax deduction scheme before tax year 1983–1984 in certain cases

Where the Board is satisfied that it is the practice for borrowers to have been given relief under section 75 of the Finance Act 1972 on the basis of amounts of interest paid to a lender in a period of 12 months ending after February but before 6th April and the lender, not being a lender within the provisions of paragraph 2(4) of Schedule 7, notifies the Board that it wishes the tax deduction scheme to begin to apply on a date before 6th April 1983 but not before 1st March 1983, the Board shall notify it of the date on which the scheme may begin to apply accordingly.