Finance Act 1996

28 (1) In Schedule 23A (manufactured dividends and interest), in paragraph 1(1) (definitions)—

(a) in paragraph (b) of the definition of “overseas securities”, and

(b) in the definition of “United Kingdom securities”,

for “Eurobonds held in a recognised clearing system, within the meaning of section 124” there shall be substituted “Eurobonds (as defined by section 124) held in a recognised clearing system”.

(2) In paragraph 4(8) of that Schedule, for paragraphs (a) to (d) there shall be substituted the following paragraphs—

“(b) a foreign dividend (as defined by section 18(3D)), or

(c) interest on a quoted Eurobond (as defined by section 124) held in a recognised clearing system,”.