Manufactured Payments Guidance

Manufactured Payments are payments representative of interest or dividends on shares and other securities. Securities dealers and others may pay them as a result of transactions in the securities, especially stock lending and repo transactions.

We issue guidance notes to help people in the financial markets to comply with the tax rules on manufactured payments.

The notes can be downloaded from here. They are in both PDF and MS Word (zipped) formats. To view a PDF document you must have Adobe Acrobat Reader installed on your computer.

Current Notes
Latest versions of the guidance:

• Guidance Notes on Manufactured Overseas Dividends: December 2003
  Updated following the Regulations in SI 1993 No. 2004 about tax on manufactured overseas dividends.
  You can download this document in PDF format (PDF 353K)
  You can download this document in MS Word (zipped) format (87K)
  
  
• Guidance Notes for Manufactured Dividends on UK Equities: April 2001
  You can download this document in PDF format (PDF 113K)
  You can download this document in MS Word (zipped) format (29K)

• Guidance Notes for Manufactured Interest on UK securities: April 2001
  Updated for FA2000 and Finance Billl 2001 changes.
  
  You can download this document in PDF format (PDF 138K)
  You can download this document in MS Word (zipped) format (34K)

• Guidance Notes for Market Claims in CREST: April 2001
  You can download this document in PDF format (PDF 148K)
  You can download this document in MS Word (zipped) format (37K)

• Guidance Notes on Manufactured Overseas Dividends: April 2001
  Updated for FA2000 and Finance Billl 2001 changes.
  
  You can download this document in PDF format (PDF 183K)
  You can download this document in MS Word (zipped) format (147K)

Notes now superseded
Earlier versions of some of the notes:

• Guidance Notes for Manufactured Interest on UK securities: June 1999
  You can download this document in PDF format (PDF 124K)
  You can download this document in MS Word (zipped) format (30K)

• Guidance Notes on Manufactured Overseas Dividends: January 1998
  You can download this document in PDF format (PDF 380K)
  You can download this document in MS Word (zipped) format (127K)

List of Approved UK Custodians and Approved UK Intermediaries

• Approved UK Custodian and UK Intermediaries List