2(1)The following subsection—U.K.
“(0)In this section “bank” has the meaning given by section 840A.”,
shall be inserted in the Taxes Act 1988 in accordance with sub-paragraph (2) below.
(2)The subsection shall be inserted—
(a)in section 234A (information relating to distributions), after subsection (8), as subsection (8A);
(b)in section 349 (payment of interest under deduction of tax, etc.), after subsection (3), as subsection (3AA);
(c)in section 745 (obligation to furnish information not to apply to banks), after subsection (5), as subsection (5A);
(d)in section 816 (obligation to disclose certain particulars to apply to banks), after subsection (3), as subsection (3A).
(3)In Schedule 20 to the Taxes Act 1988 (charities: qualifying investments and loans), in paragraph 7 (certain deposits with banks to be qualifying investments), after sub-paragraph (2), there shall be inserted the following sub-paragraph—
“(3)In this paragraph “bank” has the meaning given by section 840A.”
(4)The provisions of paragraph 10 of that Schedule shall become sub-paragraph (1) of that paragraph and after that sub-paragraph there shall be inserted the following sub-paragraph—
“(2)In this paragraph “bank” has the meaning given by section 840A.”