The Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 1992
These Regulations, which are made under section 477A (1) and (2) of the Income and Corporation Taxes Act 1988 and come into force on 30th January 1992, amend the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990 (S.I. 1990/2231) (“the Building Societies Regulations”). In addition to making changes of a drafting nature, the amendments extend the categories of payments which may be made without deduction of tax by building societies and the categories of persons who can sign certificates and declarations. The amendments also exclude from the ambit of the Regulations payments in respect of quoted securities and provide for the furnishing of information in connection with payments of dividends and interest made by building societies.