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1.—(1) These Regulations may be cited as the Insurance Companies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1999 and shall come into force on 30th March 1999.
(2) These Regulations have effect as respects payments of interest on relevant gilt-edged securities made without deduction of tax to an insurance company carrying on pension business that fall within an accounting period of that company beginning before 1st April 1999 and ending on or after 1st July 1999, not being payments to which section 51B(5A) of the Taxes Act refers.
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