A1.134 Schedule C

The charge to tax under Schedule C covered interest on most British Government securities and on certain securities of overseas governments and public authorities. The assessment was made on the Bank of England or other paying authority which recouped the tax by deduction at source from the payments of interest.

The charge to tax under Schedule C was abolished for 1996–97 and subsequent years of assessment (and accounting periods ending after 31 March 1996 for companies).

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