CH28660 - Data gathering: Relevant data-holders and relevant data: Interest etc: Relevant data - Regulation 10

Payments and receipts of interest other than payments in respect of deposits

In cases to which regulation 8, see CH28640, does not apply, relevant data relating to payments and receipts of interest other than payments in respect of deposits is

(a) identification of the security or investment in respect of which the payment was made or received,

(b) where a payment or receipt was in a currency other than sterling and the amount of the payment is recorded in that currency in the data provided under a data-holder notice, notification of the fact that the amount is so recorded and the specification of the currency concerned,

(c) where a payment was made to, or the receipt was for, two or more persons, notification of that fact and, if known, the number of such persons,

(d) where a payment was made without deduction of tax by virtue of a declaration made under regulation 31 of the Authorised Investment Funds (Tax) Regulations 2006, the name and principal residential address of the person beneficially entitled to the payment, or if more than one, of each person beneficially entitled to the payment, and

(e) in a case falling within (d) above, notification of the fact that the account in respect of which the payment was made was one in respect of which the declaration had been made.

FA11/SCH23/PARA12

SI 2012/847 REG10