Provisions in which new meaning of “bank” appliesU.K.
2(1)The following subsection—U.K.
“(0)In this section “bank” has the meaning given by section 840A.”,
shall be inserted in the Taxes Act 1988 in accordance with sub-paragraph (2) below.
(2)The subsection shall be inserted—
(a)in section 234A (information relating to distributions), after subsection (8), as subsection (8A);
(b)in section 349 (payment of interest under deduction of tax, etc.), after subsection (3), as subsection (3AA);
(c)in section 745 (obligation to furnish information not to apply to banks), after subsection (5), as subsection (5A);
(d)in section 816 (obligation to disclose certain particulars to apply to banks), after subsection (3), as subsection (3A).
(3)In Schedule 20 to the Taxes Act 1988 (charities: qualifying investments and loans), in paragraph 7 (certain deposits with banks to be qualifying investments), after sub-paragraph (2), there shall be inserted the following sub-paragraph—
“(3)In this paragraph “bank” has the meaning given by section 840A.”
(4)The provisions of paragraph 10 of that Schedule shall become sub-paragraph (1) of that paragraph and after that sub-paragraph there shall be inserted the following sub-paragraph—
“(2)In this paragraph “bank” has the meaning given by section 840A.”