SCHEDULES
X1Schedule 17 Special Tax on Banking Deposits
Annotations:
Editorial Information
Part I The Base Period and Chargeable Deposits
Chargeable deposits
2
For the purposes of the principal section and this Schedule a deposit is any sum of money paid to a person carrying on a banking business (“a deposit-taker”) on terms—
a
under which it will be repaid either on demand or at a time or in circumstances agreed by or on behalf of the person who paid the sum and the deposit-taker; and
b
which are not, within the meaning of subsection (6) of section 1 of the M1Banking Act 1979, referable to the provision of property or services or to the giving of security.
The text of Sch. 17 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.