http://www.legislation.gov.uk/uksi/1992/2915/regulation/1/made

The Income Tax (Building Societies) (Dividends and Interest) (Amendment No. 2) Regulations 1992

Building societies

Income tax

King's Printer of Acts of Parliament

2016-01-19

INCOME TAX

These Regulations, which are made under section 477A(1) and (2) of the Income and Corporation Taxes Act 1988 and come into force on 14th December 1992, amend the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990 (S.I. 1990/2231) (“the Building Societies Regulations”), previously amended by S.I. 1992/11. The amendments further extend the categories of payments which may be made without deduction of tax by building societies (“gross payments”) and provide that the amendments made by section 29 of the Finance (No. 2) Act 1992 to section 17 of the Taxes Management Act 1970 (returns of interest paid by banks) apply to returns of dividends and interest paid by building societies.