Section 468L (interest distributions of authorised unit trusts) is amended as follows.

In subsection (1A) after “this Chapter” insert “ and Chapter 2 of Part 4 of ITTOIA 2005 (interest) ”.

In subsection (2) for “Tax Acts” substitute “ Corporation Tax Acts ”.

At the end of subsection (3) insert “(including a payment of interest treated as made to a unit holder who is not liable to corporation tax)”.