UK Statutory Instrument 1995 United Kingdom

The Lloyd’s Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995

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4 compliance obligations

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

s.003

Requirement to make returns

  • File quarterly returns to HMRC on gilt-edged interest payments
s.004

Contents of returns

  • Show gilt interest totals in quarterly returns
s.005

Tax for which managing agent accountable

  • Account for basic-rate income tax on excess gilt interest per quarter
s.007

Payments on account and special returns

  • Managing agents must compute and pay income tax on account by 14th March
Browse 9 other sections — procedural / definitional / commencement
s.001

Citation and commencement

s.002

Interpretation

s.006

Amount of excess gilt interest paid— set off of tax nominally attributable to that amount against tax for other quarters

s.008

Payment of tax

s.009

Collection proceedings following claims

s.010

Assessments and due date of tax

s.011

Interest payable on amounts of tax unpaid

s.012

Interest payable where payment on account excessive

s.013

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