Regulation 2 Interpretation

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 2 words omitted by Income Tax (Manufactured Interest) 1996 reg. 3(a)
reg. 2 words inserted by Income Tax (Manufactured Interest) 1996 reg. 3(b)
reg.2 (defn. of gilt- edged securities) added by Income Tax (Manufactured Interest) 1995 reg.3(a)
reg.2 (defn. of unapproved manufactured payment) substituted by Income Tax (Manufactured Interest) 1995 reg.3(b)

In these Regulations unless the context otherwise requires–

“approved manufactured payment” means manufactured interest which is not an unapproved manufactured payment;
“interest manufacturer” has the meaning given by sub-paragraph (1) of paragraph 3 of Schedule 23A;
“the Management Act” means the Taxes Management Act 1970^f1;
“manufactured interest” shall be construed in accordance with paragraph 3 of Schedule 23A;
“market maker” has the meaning given by sub-paragraph (1) of paragraph 1 of Schedule 23A;
“Schedule 23A” means Schedule 23A to the Taxes Act;
“section 737” means section 737 of the Taxes Act;
“the Taxes Act” means the Income and Corporation Taxes Act 1988;
“the Tax Acts” has the meaning given by section 831(2) of the Taxes Act;
“unapproved manufactured payment” has the meaning given by sub-paragraph (1) of paragraph 1 of Schedule 23A as respects manufactured interest;
“United Kingdom securities” has the meaning given by sub-paragraph (1) of paragraph 1 of Schedule 23A.

Annotations