C1Part 15Deduction of income tax at source
Chapter 5Deduction from payments of UK public revenue dividends
Payments which are payable gross
894Treasury directions
F21
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F22
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3
The Treasury may, at the request of the Department of Finance and Personnel for Northern Ireland, direct that any securities issued under section 11(1)(c) of the Exchequer and Financial Provisions Act (Northern Ireland) 1950 (c. 3 (N.I.)) are gross-paying government securities.
4
In relation to any securities which are gross-paying government securities by virtue of a direction under subsection (3)—
a
references in sections 895 and 896 to “the Registrar” are to be read as references to the bank in the books of which the securities are registered or inscribed, and
b
references in those sections to the Treasury are to be read as references to the Department of Finance and Personnel for Northern Ireland.
5
A direction under subsection F1... (3) in respect of any securities may provide that the direction is to have effect in relation only to payments of interest on the securities made on or after a date specified in the direction.
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)