Commentary

E1.534 Authorisation of providers

Personal and employment tax

E1.534 Authorisation of providers

E1.534 Authorisation of providers

Where the certified linked savings arrangement is an institutional arrangement, the interest is only exempt from income tax if, at the time that the contract under the arrangement is made, the provider is authorised by HMRC to enter into contracts under it1. If the authorisation is conditional, the conditions must be met at that time2.

Authorisations may be given for arrangements generally, or for particular arrangements3, and more than one authorisation may be given to the same provider4.

HMRC have the power to withdraw the authorisation of a provider, or to vary it by imposing, varying or removing

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