http://www.legislation.gov.uk/uksi/1995/3224/regulation/4/made
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
Business finance
Tax
King's Printer of Acts of Parliament
2017-05-04
INCOME TAX
Section 51A(1) of the Income and Corporation Taxes Act 1988 (“the 1988 Act”), inserted by section 77 of the Finance Act 1995 (“the 1995 Act”), provides that, in certain circumstances, interest on gilt-edged securities shall be paid without deduction of income tax and that the interest so paid shall be chargeable under Case III of Schedule D. Section 51B of the 1988 Act, inserted by section 78(1) of the 1995 Act, provides that the Treasury may by regulations provide that persons to whom payments of interest on gilt-edged securities are made without deduction of tax (“gross payments”) shall make periodic returns to an officer of the Commissioners of Inland Revenue. These Regulations exercise the powers conferred on the Treasury by section 51B of the 1988 Act.
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.16(3)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996
reg.2(2)(a)
(3)
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.19(6)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996
reg.2(2)(b)
(3)
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.20(10)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996
reg.2(2)(c)
(3)
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.16(3)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996
reg.2(2)(a)
(3)
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.19(6)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996
reg.2(2)(b)
(3)
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.20(10)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996
reg.2(2)(c)
(3)
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.9(2A)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment No. 2) Regulations 1996
reg.5
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
reg.9(2A)
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) (Amendment No. 2) Regulations 1996
reg.5
The Gilt-edged Securities (PeriodicAccounting for Tax on Interest) Regulations 1995
The Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995
Act
The Insurance Companies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1999
reg.3(1)
Requirement to make returns4
1
A relevant company shall for each of its accounting periods make, in accordance with these Regulations, returns to an officer of the Board of—
a
amounts of any payments of interest on relevant gilt-edged securities made to it without deduction of tax, and
b
amounts of tax for which it is to be accountable under these Regulations in respect of those payments.
2
A return required for the purposes of these Regulations may be combined with a return required for the purposes of Schedule 16.