The Income Tax (Interest Payments) (Information Powers) Regulations 1992

Interpretation

2.  In these Regulations unless the context otherwise requires—

“account-holder” means the holder of an account in relation to which a payment is made;

“the Board” means the Commissioners of Inland Revenue;

“deposit-taker” has the meaning given by section 481(2) of the Taxes Act(1);

“the Deposit-takers Regulations” means the Income Tax (Deposit-takers) (Interest Payments) Regulations 1990(2);

“the Management Act” means the Taxes Management Act 1970;

“payment” means a payment of interest and, in relation to a payment in respect of which further information may be required to be contained in a section 17 return pursuant to these Regulations, includes “credit”;

“section 17(1)” and “section 18(1)” means sections 17(1) and 18(1) respectively of the Management Act;

“section 17 return” means a return under section 17(1);

“section 18 information” means information required to be furnished under section 18(1);

“the Taxes Act” means the Income and Corporation Taxes Act 1988(3);

“year” means a year beginning with 6th April in any year and ending with 5th April in the following year.

(1)

Section 481(2) was amended by paragraph 8 of Schedule 5 and Part IV of Schedule 19 to the Finance Act 1990.

(2)

S.I. 1990/2232.

(3)

1988 c. 1.