Finance Act 2011

Interest etc U.K.

12 (1) A person by or through whom interest is paid or credited is a relevant data-holder. U.K.

(2) For the purposes of this paragraph, the following are to be treated as interest—

(a) a dividend in respect of a share in a building society,

(b) an amount to which a person holding a deeply discounted security is entitled on the redemption of that security,

(c) a foreign dividend, and

(d) an alternative finance return.

(3) In sub-paragraph (2)—

• “alternative finance return” means—

  (a)

  an alternative finance return within the meaning of Part 10A of ITA 2007, and

  (b)

  an alternative finance return within the meaning of Part 6 of CTA 2009;

• “building society” means a building society within the meaning of the Building Societies Act 1986;

• “deeply discounted security” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005;

• “foreign dividend” means any annual payment, interest or dividend payable out of, or in respect of the funds or securities of—

  (a)

  a body of persons that is not resident in the United Kingdom, or

  (b)

  a government or public or local authority in a country outside the United Kingdom.