UK Statutory Instrument SI 2008/2682 United Kingdom

The Income Tax (Deposit-takers and Building Societies) (Interest Payments) Regulations 2008

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person4 Employer1 Trader1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. 2 para. 9 sch. 2 para. 9 Regulated
  • Keep customer declarations for 2 years after investment endsTrader
s.004 Gross payments Regulated
  • Refund tax deducted from interest payments when a valid certificate is heldEmployer
s.008 Prescribed form of a certificate Regulated
  • Notify your bank of certificate record errors within 30 daysAny Person
s.012 Notice of deduction Regulated
  • Financial institutions must deduct tax when HMRC issues a notice of deductionAny Person
s.014 Prescribed form of a declaration Regulated
  • Record and confirm customer declarations for tax-free interestAny Person
s.017 Inspection of records Regulated
  • Produce records for HMRC inspection on requestAny Person
15 other provisions — procedural and definitional
s.001 Citation, commencement and effect
s.002 Interpretation
s.003 Scope of these Regulations
s.005 Certificate of non-liability to tax
s.006 Prescribed persons
s.007 Supply within prescribed time limit
s.009 Prescribed contents of a certificate
s.010 Notification of liability to income tax in accordance with regulation 9(5)
s.011 Certificate ceasing to be valid
s.013 Joint accounts
s.015 Information to be provided to an officer – (relevant investments)
s.016 Information to be provided to an officer – (investments which are not relevant investments)
s.018 Use of information
s.019 Continuity of certificates and declarations of non-UK residence following transfer of business
s.020 Consequential amendments, savings and revocation

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.