886 Interest paid by recognised clearing houses etc
Income Tax Act 2007 (2007 c 3) | Legislation

886  Interest paid by recognised clearing houses etc

(1)     The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by a [relevant entity] if—

(a)     the [relevant entity] is carrying on business as the provider of a central counterparty clearing service [or as a central securities depository], and

(b)     the interest is paid

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