Savings and investment income | Croner-i Tax and Accounting

Capital redemption policies, gains

Certificates

Certified contractual savings schemes: chargeable gains

Charges to tax

Commentary – Tax Reporter ¶327-025 ; Tax Reporter ¶327-175–Tax Reporter ¶327-250

Case Law – COMMISSIONERS OF INLAND REVENUE v. OSWALD (TRUSTEE OF THE COSIER SETTLEMENT) ; Commissioners of Inland Revenue v. Whitworth Park Coal Co., Ltd. (in liquidation) Commissioners of Inland Revenue v. Ramshaw Coal Co., Ltd. (in liquidation) Commissioners of Inland Revenue v. Brancepeth Coal Co., Ltd. (in liquidation) ; Dunmore v. McGowan (H.M. Inspector of Taxes) ; PATON (AS FENTON'S TRUSTEE) v. COMMISSIONERS OF INLAND REVENUE ; STOCKER v. THE COMMISSIONERS OF INLAND REVENUE.

Charitable trusts, exemptions

Legislation/Regulatory – ITA2007 s. 532

Claims for relief for special withholding tax

Commentary – Tax Reporter ¶593-800

Classification

Commentary – Tax Reporter ¶110-850

Company dividends

– see Company distributions

Deductions at source

– see Deductions at source

Deeply discounted securities

– see Deeply discounted securities

Employment income, receipts falling within both

Commentary – Tax Reporter ¶400-030

EU obligations

Legislation/Regulatory – Conc. 98/C 2/1 ; Dir. 03/48 ; TMA70 s. 18B-18E

EU, withholding tax

Computation of income and disposal proceeds

Commentary – Tax Reporter ¶327-400

Credit for capital gains tax

Commentary – Tax Reporter ¶327-350

Credit for income tax

Commentary – Tax Reporter ¶327-325

EC directive

Commentary – Tax Reporter ¶103-835 ; Tax Reporter ¶327-300 ; Tax Reporter ¶593-700

Exchange of information

Commentary – Tax Reporter ¶593-700

Exemption certificates

Commentary – Tax Reporter ¶327-425

Generally

Commentary – Tax Reporter ¶327-300 ; Tax Reporter ¶593-800

Interaction with other foreign tax

Commentary – Tax Reporter ¶327-375

Excluded property, persons domiciled in Channel Islands/Isle of Man

Commentary – Tax Reporter ¶685-300

Foreign dividend coupons, sales of

– see Foreign dividend coupons

Funds in court

Commentary – Tax Reporter ¶346-050

Futures and options, transactions in

– see Commodity and financial futures; Options

Income charged

Legislation/Regulatory – ITTOIA2005 s. 365

Individual savings accounts (ISAs)

– see Individual savings accounts (ISAs)

Industrial and provident societies

Commentary – Tax Reporter ¶346-000

Insurance policy gains

– see Gains from policies and contracts

Interest

– see also Interest receivable

Authorised unit trust distributions

Legislation/Regulatory – ITTOIA2005 s. 376-378

Building society dividends

Legislation/Regulatory – ITTOIA2005 s. 372

Charge to tax

Legislation/Regulatory – ITTOIA2005 s. 369

Discounts

Legislation/Regulatory – ITTOIA2005 s. 381

Funding bonds

Legislation/Regulatory – ITTOIA2005 s. 380, 754

Income charged

Legislation/Regulatory – ITTOIA2005 s. 370

Industrial and provident society payments

Legislation/Regulatory – ITTOIA2005 s. 379

Open-ended investment company distributions

Legislation/Regulatory – ITTOIA2005 s. 373-375

Person liable

Legislation/Regulatory – ITTOIA2005 s. 371

International obligations

Legislation/Regulatory – Dir. 03/48 ; TMA70 s. 18B-18E

Life annuity contracts, gains

– see Gains from policies and contracts

Meaning

Legislation/Regulatory – ITA2007 s. 18(2)

HMRC Guidance – RDRM31140

National savings

– see National savings

National Savings Bank deposits

Commentary – Tax Reporter ¶327-700

Patent royalties

Commentary – Tax Reporter ¶343-500

HMRC Guidance – IPTM7370

Paying agents obligations

Legislation/Regulatory – TMA70 s. 18B-18E

Pension schemes, exemptions and reliefs

Legislation/Regulatory – ICTA88 s. 614

Pre-6 April 2005

Commentary – Tax Reporter ¶110-850

Priority rules

Legislation/Regulatory – ITTOIA2005 s. 366, 367

HMRC Guidance – CFM74350 ; CTM15150 ; IPTM4220 ; SAIM1070 ; SAIM4030 ; SAIM5060

Purchased life annuities

– see also Purchased life annuities

Generally

Commentary – Tax Reporter ¶345-450

Case Law – Stevenston Securities, Ltd. v. Commissioners of Inland Revenue

Rate of tax

Generally

Commentary – Tax Reporter ¶110-850

Legislation/Regulatory – FA2008 s. 5, Sch. 1, para. 2 ; ITA2007 s. 7 ; M10/08

Highest part of total income

Legislation/Regulatory – ITA2007 s. 16

Income charged

Legislation/Regulatory – FA2010 s. 1(3) ; ITA2007 s. 12

Starting rate

Legislation/Regulatory – ITA2007 s. 5(1), (6), (7), 12 ; M10/08

Reporting information

Amount to be reported

Legislation/Regulatory – SI 2003/3297 reg. 13

Audit and related issues

Legislation/Regulatory – SI 2003/3297 reg. 16

Election by an entity to be treated as a UCITS

Legislation/Regulatory – SI 2003/3297 reg. 5

Identity and residence of relevant payees

Legislation/Regulatory – SI 2003/3297 reg. 9

Negotiable debt securities

Legislation/Regulatory – SI 2003/3297 reg. 17, Sch.

Notifying HMRC of reportable payments

Legislation/Regulatory – SI 2003/3297 reg. 14, 15

Paying agents

Legislation/Regulatory – SI 2003/3297 reg. 3, 10, 11

Receiving agents

Legislation/Regulatory – SI 2003/3297 reg. 6, 12

Relevant payee, meaning

Legislation/Regulatory – SI 2003/3297 reg. 7

Residual entity, meaning

Legislation/Regulatory – SI 2003/3297 reg. 4

Savings income, meaning

Legislation/Regulatory – SI 2003/3297 reg. 8

Transitional provisions

Legislation/Regulatory – SI 2003/3297 reg. 17

Saving Gateway accounts

– see Saving Gateway accounts

SAYE

– see SAYE

Share incentive plans

– see Share incentive plans (SIPs)

Share option schemes

– see SAYE share option schemes

Stock dividends

– see Stock dividends

Territorial scope of charges

Legislation/Regulatory – ITTOIA2005 s. 368

HMRC Guidance – SAIM1130

TESSAs

– see Tax-exempt special savings accounts (TESSAs)

Transactions in deposits

– see Certificates of deposit

Unit trust schemes

– see Unit trust schemes