Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 15 U.K. Deduction of income tax at source

Deduction by deposit-takers: qualifying certificates of deposit U.K.

157 (1) This paragraph applies to a certificate of deposit which was issued by a deposit-taker before 13 March 1984 on terms which provide for interest to be payable on the deposit at any time after 5 April 1985 (whether or not interest is payable on it before that date). U.K.

(2) The certificate of deposit is to be treated as a qualifying certificate of deposit for the purposes of section 865.