http://www.legislation.gov.uk/ukpga/2007/3/section/921/2009-08-13Income Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-07-21Expert Participation2009-08-13 Part 15Deduction of income tax at sourceChapter 9Manufactured payments<Emphasis>Manufactured interest</Emphasis>Cases where interest on underlying securities paid gross9211This section applies to manufactured interest which is representative of interest onβ€”agilt-edged securities, orbsecurities which are not gilt-edged securities but on which the interest is payable without deduction of income tax.2Section 919(2) does not require any deduction of a sum representing income tax to be made on the payment of the manufactured interest.3In this section β€œsecurities” includes loan stock or any similar security.Pt. 15 Ch. 9 modified (with effect in accordance with art. 2 of the commencing S.I.) by Finance Act 2007 (c. 11), s. 47(4), Sch. 13 para. 13; S.I. 2007/2483, art. 2Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)