Guidance
Deduction of Income Tax from payments of yearly interest: private placements 鈥� technical note
This technical note describes the proposed primary legislation and outlines the regulations that would subsequently be made under the primary legislation.
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Details
The government announced on 3 December 2014 that it will introduce legislation to amend the rules on deduction of income tax at source from yearly interest, where the interest is paid on 鈥榪ualifying private placements鈥�. This technical note sets out proposed draft legislation to provide such an exemption.
Comments on this technical note should be sent to email: tony.sadler@hmrc.gov.uk or mark.lafone@hmrc.gov.uk by 27 February 2015.
A Tax Information and Impact Note for this measure has been published at Income Tax: deduction at source from interest paid on private placements.
Updates to this page
Published 10 December 2014