# The Income Tax (Manufactured Interest) Regulations 1992, Regulation 10: Interpretation of Part IV


In this part of these Regulations–
“dividend manufacturer” means any person who–
(a) is a dividend manufacturer in relation to whom subsection (1) of section 737 applies, and
(b) makes a payment of a manufactured dividend in respect of United Kingdom securities;
“manufactured dividend” means any payment which is a manufactured dividend in respect of United Kingdom securities in relation to which subsection (1) of section 737 applies, other than one which is such a payment by virtue of the provisions of subsection (6) of that section for treating references to a periodical payment of interest as including references to a qualifying distribution or a dividend which is not a qualifying distribution;
“qualifying dividend manufacturer” means a dividend manufacturer who–
(a) carries on a business which from time to time involves a manufactured dividend being paid by that person to another, and
(b) is capable, whether by reason of being a market maker in relation to United Kingdom securities or otherwise, of making a payment of a manufactured dividend which is an approved manufactured payment.

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Source: https://www.legislation.gov.uk/uksi/1992/2074/regulation/10 (the official version)
Page: https://openlegislation.uk/income-tax-manufactured-interest-regulations-1992/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.