The Income Tax (Deposit-takers) (Interest Payments) (Amendment) Regulations 1992

• Citation: S.I. 1992/13
• Sections: 8

Section 1 Citation and commencement

These Regulations may be cited as the Income Tax (Deposit-takers) (Interest Payments) (Amendment) Regulations 1992 and shall come into force on 30th January 1992.

Section 2 Interpretation

In these Regulations “the principal Regulations ” means the Income Tax (Deposit-takers) (Interest Payments) Regulations 1990 and “regulation” means a regulation of those Regulations.

Section 3 Amendments to the principal Regulations

In regulation 2—

(a) after the definition of “depositor” there shall be inserted—

“mental disorder” has the meaning given by section 1(2) of the Mental Health Act 1983 or, in Scotland, section 1(2) of the Mental Health (Scotland) Act 1984 or, in Northern Ireland, Article 3 of the Mental Health (Northern Ireland) Order 1986 ;

(b) after the definition of “section 480A (1)” there shall be inserted—

“son or daughter” means a son or daughter aged 16 or over, and includes a stepson or stepdaughter, and an adopted or illegitimate son or daughter;

Section 4 Amendments to the principal Regulations

In regulation 5—

(a) after sub-paragraph (iv) of paragraph (b) there shall be added the words

or

(v) a parent, guardian, spouse or son or daughter of a person suffering from mental disorder; or

(vi) a receiver or other person appointed by any court in the United Kingdom to act in relation to the property and affairs of a person incapable, by reason of mental disorder, of managing and administering his property and affairs;

(b) in sub-paragraph (ii) of paragraph (c) for the words “the certificate, if given, would relate” there shall be substituted the words “the certificate relates”.

Section 5 Amendments to the principal Regulations

At the end of regulation 6(3) (d) (ii) there shall be added the words “or, if earlier, after it has become reasonably practicable so to deduct tax;”.

Section 6 Amendments to the principal Regulations

In regulation 7 sub-paragraph (c) of paragraph (1) shall be omitted.

Section 7 Amendments to the principal Regulations

In regulation 11(3) after the word “being” there shall be inserted the words “books, documents or”.

Section 8 Amendments to the principal Regulations

In regulation 12(1) after the words “all such” there shall be inserted the words “copies of”.