891A. Returns of interest paid to non-residents.

(1) In this section -

"chargeable period" has the same meaning as in section 321(2);

"relevant interest" means interest to which subsection (2) of section 246 does not apply by virtue only of paragraph (h) (inserted by the Finance Act, 1999) of subsection (3) of that section;

"relevant person" has the same meaning as in section 246;

"specified return date for the chargeable period" has the same meaning as in section 894(1).

(2)

(a) Subject to paragraph (c), every relevant person who pays relevant interest in a chargeable period shall prepare and deliver to the appropriate inspector on or before the specified return date for the chargeable period a return of all relevant interest so paid by the relevant person in the chargeable period stating in the case of each person to whom that relevant interest was paid -

(i) the name and address of the person,

(ii) the amount of relevant interest paid to the person in the chargeable period, and

(iii) the territory in which the

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