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

Amendments to the principal Regulations

6.  In paragraph (1) of regulation 12(1)—

(a) for “(1) to (4)” there shall be substituted “(1), (2) and (4) to (4C)”(2);

(b) the word “and” immediately following sub-paragraph (a) shall be omitted;

(c) for sub-paragraph (b) there shall be substituted—

“(b) for the word “banking” in subsection (1) there were substituted the words “a building society”;”;

(d) after sub-paragraph (b) there shall be added—

“(c) in paragraph (a) of subsection (4B)—

(i) for the reference to a declaration made under section 481(5)(k)

of the Taxes Act and the operation of section 482(5) of that Act in relation to that declaration there were substituted a reference to declarations made under regulations 11(1) and (2)(3) and the operation of regulation 11(4) in relation to those declarations, and

(ii) for the reference to section 480A(1) of the Taxes Act there were substituted a reference to regulation 3; and

(d) in paragraph (b) of subsection (4B) for the word “declaration” there were substituted the word “declarations”.”.

(1)

Regulation 12 was previously amended by S.I. 1992/11.

(2)

Subsection (4C) of section 17 of the Taxes Management Act 1970 (c. 9) referred to in regulation 12(1) wasinserted by section 29 of the Finance (No. 2) Act 1992 which also inserted subsections (4A) and (4B) and amendedsubsection (4) of section 17.

(3)

Paragraphs (1) and (2) of regulation 11 were amended by S.I. 1992/11.