262 Statement furnished by relevant deposit taker

This section provides that a financial institution must give the depositor a voucher, certificate or similar statement showing:

• the gross amount of any relevant interest paid to the depositor,
• the DIRT deducted therefrom,
• the net payment and
• the date of the payment.

As elsewhere in this Chapter, “payment” of interest includes “crediting” of interest to an account as provided for in section 256(2)(a).

Relevant Date: Finance Act 2021