Part III Income Tax, Corporation Tax and Capital Gains Tax

Chapter I Income Tax and Corporation Tax

Gilt-edged securities

37 Abolition of periodic accounting.

(1)

Section 51B of the Taxes Act 1988 (which enables provision to be made requiring tax on interest on gilt-edged securities to be accounted for periodically) shall cease to have effect.

F1(2)

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(3)

The preceding provisions of this section have effect in relation only to payments of interest falling due on or after such day as the Treasury may by order appoint.