Guidance

Tax Deduction Scheme for Interest (TDSI) guidance notes

These notes provide general guidance for Financial Institutions on how to operate the scheme and deduct basic rate of tax from appropriate interest payments.

• From: HM Revenue & Customs
• Published: 16 October 2012

This publication was withdrawn on 6 April 2016

This content is now obsolete from 6 April 2016.

Documents

Tax Deduction Scheme for Interest

PDF, 1020 KB, 147 pages

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Details

Since 6 April 1991 tax has been deducted from deposit interest paid by deposit-takers and building societies. From 6 April 2008 tax is deducted at the basic rate of tax. This scheme is known as the Tax Deduction Scheme for Interest.

Published 16 October 2012