The Friendly Societies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1999
These Regulations, which are made under section 51B of the Income and Corporation Taxes Act 1988 (“section 51B”) (inserted by section 78(1) of the Finance Act 1995) and section 121 of the Finance Act 1993, replace and revoke the Friendly Societies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1996 (S.I. 1996/21) (“the 1996 Friendly Societies Regulations”) and the Friendly Societies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1997 (S.I. 1997/475) (“the 1997 Amending Regulations”).