SCHEDULES
SCHEDULE 1Consequential amendments
Part 1Income and Corporation Taxes Act 1988
184
(1)
Amend section 477A (building societies: regulations for deduction of tax) as follows.
(2)
In subsection (4)—
(a)
for “terminal bonus” substitute “
interest
”
, and
(b)
for “contractual savings scheme” substitute “
SAYE savings arrangement
”
.
(3)
Omit subsections (5) and (6).
(4)
In subsection (9) omit the words from “but” to the end of the subsection.
(5)
In subsection (10) after “this section—” insert—
““certified SAYE savings arrangement” has the meaning given by section 703 of ITTOIA 2005”.