265A Deposits of certain persons

This section provides that, where a return is required to be made by a relevant deposit taker under section 891 in respect of interest on a deposit which is a deposit referred to in subsection (1A) or (1B) of section 256, then the return shall also include —

• (a) the PPS Number (within the meaning of section 891B) of the person, or
• where the person is not an individual (i.e. trustees of a special trust for permanently incapacitated individuals under section 189A(2)) the person’s tax reference number within the meaning of paragraphs (b) and (c) of section 885.

(b) Subsections (1A) and (1B) of section 256 relate to DIRT exempt deposits for individuals aged 65 years or over and those who are permanently incapacitated.

Relevant Date: Finance Act 2021