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Link to original content: http://www.legislation.gov.uk/id/uksi/2014/992/article/8/1/a
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8.—(1) In section 749 of the Income Tax (Trading and Other Income) Act 2005 (interest paid under repayment supplements)(1)—
(a)omit the “or” after paragraph (a);
(b)after paragraph (b) insert—
“, or
(c)section 102 of FA 2009 (repayment interest)(2).”; and
(c)in the heading for “Interest” substitute “Repayment interest, and interest.”.
(2) In consequence of paragraph (1), in section 369(3)(e) of that Act (charge to tax on interest)(3) before “interest arising” insert “repayment interest,”.
The term “FA 2009” is defined by Part 1 of Schedule 4 to the Income Tax (Trading and Other Income Act) 2005 as meaning the Finance Act 2009.
Section 369(3)(e) has been amended by section 69(1) and (2) of the Finance Act 2011 and paragraph 53(2) of Schedule 39 to the Finance Act 2012.
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