Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2017 - onwards
  Version 7 of 7    

267M. Tax rate applicable to certain deposit interest received by individuals.

(1) In this section -

 'foreign deposit interest' means interest arising in a foreign territory which would be interest payable in respect of a relevant deposit within the meaning of section 256(1) if -

(a) paragraphs (c), (d) and (g) of the definition of 'relevant deposit' in section 256(1) were deleted, and

(b) there were included in the definition of 'relevant deposit taker' in section 256(1), bodies -

(i) established in accordance with the law of a foreign territory, and

(ii) authorised under the laws of that foreign territory to accept deposits of money;

 'foreign territory' means a territory other than a Member State of the European Communities;

'specified interest' means interest arising in a Member State of the European Communities other than the State which would be interest payable in respect of a relevant deposit within the meaning of section 256(1) if -

(a) in the definition of 'relevant deposit' in section 256(1) -

(i) the following were substituted for paragraphs (c) an

Comparing proposed amendment...