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891A.—(1) In this section—
‘appropriate inspector’ has the same meaning as in section 950(1);
‘chargeable period’ has the same meaning as in section 321(2);
‘relevant interest’ means interest to which subsection (2) of section 246 does not apply by virtue only of paragraph (h) (inserted by the Finance Act, 1999) of subsection (3) of that section;
‘relevant person’ has the same meaning as in section 246;
‘specified return date for the chargeable period’ has the same meaning as in section 894(1).
(2) (a) Subject to paragraph (c), every relevant person who pays relevant interest in a chargeable period shall prepare and deliver to the appropriate inspector on or before the specified return date for the chargeable period a return of all relevant interest so paid by the relevant person in the chargeable period stating in the case of each person to whom that relevant interest was paid—
(i) the name and address of the person,
(ii) the amount of relevant interest paid to the person in the chargeable period, and
(iii) the territory in which the person is resident for tax purposes.
(b) Section 891 shall not apply, in respect of the payment of relevant interest, to any relevant person to whom paragraph (a) applies.
(c) Sections 1052 and 1054 shall apply to a failure by a relevant person to deliver a return required by paragraph (a) and to each and every such failure, as they apply to a failure to deliver a return referred to in section 1052.”.
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