SCHEDULES
SCHEDULE 37 Banks
Part II Amendments of the Taxes Act 1988
Provisions in which new meaning of “bank” applies
2
1
The following subsection—
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.