Part IVIncome Tax, Corporation Tax and Capital Gains Tax
Chapter VIMiscellaneous provisions
Investments
155Directions for payment without deduction of tax
After section 51 of the Taxes Act 1988 there shall be inserted the following section—
51AACommencement of direction under section 50 or 51
A direction under section 50 or 51 that any security shall be deemed to have been issued subject to the condition that the interest thereon shall be paid without deduction of tax may provide that the direction is to have effect in relation only to payments of interest made on or after such date as may be specified in the direction.