Policy paper

Income Tax: deduction at source from interest paid on private placements

This Tax Information and Impact Note is about the deduction of Income Tax at source from interest paid on private placements.

Document

Income Tax: deduction at source from interest paid on private placements

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This measure will provide an exception from the obligation to deduct Income Tax from yearly interest paid on private placements which meet certain conditions. Such instruments will be known as ‘qualifying private placements’.

A technical note for this measure has been published at Deduction of Income Tax from payments of yearly interest: private placements - technical note.

Published 10 December 2014