Search Legislation

The Tax-exempt Special Savings Account (Amendment) Regulations 1996

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options


This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Citation, commencement and effect

1.—(1) These Regulations may be cited as the Tax-exempt Special Savings Account (Amendment) Regulations 1996 and shall come into force on 6th April 1996.

(2) Regulation 3 has effect as respects transfers of accounts on or after 6th April 1996.


2.  In regulations 3 and 4 “the principal Regulations” means the Tax-exempt Special Savings Account Regulations 1990(1) and “regulation” means a regulation of those Regulations.

Amendments to the principal Regulations

3.  In regulation 7(2)—

(a)in paragraph (4)(a) for the words “basic rate when it was paid or credited” there shall be substituted the words “applicable rate”;

(b)after paragraph (4) there shall be inserted—

(4A) In paragraph (4)(a) “the applicable rate” means—

(a)in the case of an amount of interest, dividend or bonus paid or credited before 6th April 1996, the basic rate for the year of assessment in which the amount was paid or credited; and

(b)in any other case, the lower rate for the year of assessment in which it was paid or credited.

4.  In regulation 11(3) before paragraph (f) there shall be inserted the word “; or”.

A. M. W. Battishill

S. C. T. Matheson

Two of the Commissioners of Inland Revenue

19th March 1996

Back to top


Print Options


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