SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
88
(1)
Amend section 477A (building societies: regulations for deduction of tax) as follows.
(2)
Omit subsections (1) to (2A).
(3)
In subsection (3)—
(a)
omit the words from “For any” to “above apply,”, and
(b)
in paragraph (b) omit the words “paid or credited in the year of assessment”.
(4)
Omit subsection (7).
F1(5)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)
In subsection (10) omit the definitions of “qualifying certificate of deposit”, “qualifying deposit right” and “security”.
F1(7)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .