Regulation 2 Interpretation

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

reg. 2(1) words substituted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 130
reg.2 renumbered (as reg.2(1)) by Tax-exempt Special Savings Account 1995 reg.3(1)
reg.2(1) (defn. of follow-up account) added by Tax-exempt Special Savings Account 1995 reg.3(2)(a)
reg.2(1) (defn. of the principal sections) amended by Tax-exempt Special Savings Account 1995 reg.3(2)(b)
reg.2(2) added by Tax-exempt Special Savings Account 1995 reg.3(3)
reg.2(1) (defns. of EEA Agreement, EEA State and a relevant European institution) added by Tax-exempt Special Savings Account (Relevant European Institutions) 1995 reg.8(a)(b)
reg.2(1) (defn. of soc i ety or institution) amended by Tax-exempt Special Savings Account (Relevant European Institutions) 1995 reg.8(c)

In these Regulations unless the context otherwise requires–

“account” means a deposit account or share account which is a tax-exempt special savings account for the purposes of section 326A of the Taxes Act;
“account-holder” means the holder of an account;
“the Board” means the Commissioners of Inland Revenue;
“notice” means notice in writing and “notify” shall be construed accordingly;
“the principal sections” means sections 326A and 326B of the Taxes Act^f1; a “society or institution” means a building society or an institution authorised under the Banking Act 1987^f2;
“the Taxes Act” means the Income and Corporation Taxes Act 1988;
“year” means a year beginning with 6th April in any year and ending with 5th April in the following year.

Annotations

f1: Sections 326A and 326B were inserted by section 28(1) of the Finance Act 1990.
f2: 1987 c. 22.