# The Montserrat Reporting of Savings Income Information Order 2005, Article 4: Meaning of paying agent


A paying agent is a person who—
(a) is established in Montserrat;
(b) makes savings income payments in the course of his business or profession; and
(c) makes those payments—
(i) for the immediate benefit of a relevant payee; or
(ii) to a residual entity established in a member State.
Here a “person” includes any officer in any public office or in any government department and any savings income payments made by such a person will be treated as if the payment were made in the course of that person’s business or profession.

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Source: https://www.legislation.gov.uk/uksi/2005/1466/article/4 (the official version)
Page: https://openlegislation.uk/montserrat-reporting-of-savings-income-information-order-2005/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.