Income Tax Act 2007 section 872

Power to make orders amending Chapter

Section 872 gives the Treasury the power to amend the Chapter on deduction of income tax at source from savings income, by specifying which investments count (or do not count) as relevant investments.

• The Treasury may make orders declaring that particular types of investment are, or are not, relevant investments for the purposes of the Chapter.
• Such orders can apply to all deposit-takers, or be targeted at specific deposit-takers or classes of deposit-taker.
• Orders may include incidental, supplemental, consequential, and transitional provisions, as well as savings provisions.
• Subsections (4) and (5) have been repealed by Finance Act 2016.