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