- Latest available (Revised)
- Original (As made)
The Income Tax (Manufactured Interest) Regulations 1992
You are here:
- UK Statutory Instruments
- 1992 No. 2074
- PART II
- Regulation 5
What Version
Opening Options
More Resources
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Tax treatment of certain manufactured interest
5.—(1) For the purposes of the provision of the Tax Acts prescribed by paragraph (2), the manufactured interest prescribed by paragraph (3) and paid by an interest manufacturer prescribed by paragraph (4) shall be treated, in relation to that interest manufacturer and in the circumstances prescribed by paragraph (5), as mentioned in paragraph (6) below and not as mentioned in paragraph 3(2) of Schedule 23A.
(2) The provision prescribed by this paragraph is section 349(2) of the Taxes Act.
(3) The manufactured interest prescribed by this paragraph is any amount which–
(a)is representative of a periodical payment of yearly interest on United Kingdom securities, and
(b)is paid in the circumstances prescribed by paragraph (5).
(4) The interest manufacturer prescribed by this paragraph is a company resident in the United Kingdom.
(5) The circumstances prescribed by this paragraph are where, pursuant to the rules of the stock exchange governing the transaction, the payment made in respect of the interest is of the amount of the interest before deduction of tax.
(6) The manufactured interest referred to in paragraph (1) shall be treated as a payment of interest other than yearly interest.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThe Whole Part
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.