Finance Act 2016, Paragraph 27 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
27(1)Chapter 5 of Part 15 of ITA 2007 (deduction from payments of UK public revenue dividends) is amended as follows.U.K.
(2)In section 893(2) (securities which are gross-paying government securities)—
(a)before the “or” at the end of paragraph (a) insert—
“(aa)securities, so far as they are not gilt-edged securities, issued or treated as issued under—
(i)the National Loans Act 1939, or
(ii)the National Loans Act 1968,”, and
(b)in paragraph (b), for “894(1) or (3)” substitute “ 894(3) ”.
(3)In section 894 (power to direct that securities are gross-paying government securities)—
(a)omit subsections (1) and (2) (power in relation to securities within the new section 893(2)(aa)), and
(b)in subsection (5) omit “(1) or”.
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