The Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 1994

• Citation: S.I. 1994/296
• Sections: 5

Section 1 Citation and commencement

These Regulations may be cited as the Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 1994 and shall come into force on 4th March 1994.

Section 2 Interpretation

In these Regulations “the principal Regulations ” means the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990 and “regulation” means a regulation of those Regulations.

Section 3 Amendments to the principal Regulations

In regulation 4(1)—

(a) for sub-paragraph (f) there shall be substituted—

(f) a payment to an exempt approved scheme within the meaning of subsection (1) of section 592 of the Taxes Act, or to any scheme which is before the Board in order for them to decide whether the scheme qualifies as an exempt approved scheme within the meaning of that subsection;

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

(s) a payment in respect of an investment held at a branch of the building society situated outside the United Kingdom.

Section 4 Amendments to the principal Regulations

In regulation 5(2)—

(a) in sub-paragraph (b) after paragraph (vi) there shall be added

or

(vii) a person appointed by the Secretary of State under paragraph

(1) of regulation 33 of the Social Security (Claims and Payments) Regulations 1987 , whose appointment has not been revoked or terminated, or who has not resigned his office, pursuant to paragraph (2) of that regulation;

(b) in sub-paragraph (d) for “or (iv)” in paragraph (i) there shall be substituted “, (iv), (v), (vi) or (vii)”.

Section 5 Amendments to the principal Regulations

In regulation 11(2A) for the word “sub-paragraphs” there shall be substituted the word “sub-paragraph”.