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Regulation 2 Interpretation

Original text. Later amendments are not shown.

(1)

In these Regulations—

  • “manufactured interest” shall be construed in accordance with paragraph 3(1) of Schedule 23Af1;

  • “recipient” in relation to a payment of manufactured interest means a person referred to in paragraph 3(5) of Schedule 23A who is a company.

(2)

References to a section or a Schedule, without more, are references to that section of, or that Schedule to, the Income and Corporation Taxes Act 1988.

Annotations

Footnotes

f1

Paragraph 3 of Schedule 23A was substituted by paragraph 11(1) of Schedule 10 to the Finance Act 1997.