INTM368030 | DT applications and claims: FOTRA securities

Background - the position from 6 April 1998

From 6 April 1998

• all UK government securities have had FOTRA status, irrespective of the original terms of issue

• account holders receive interest on registered holdings of FOTRA securities without deduction of tax, unless they have asked for tax to be deducted

• normal time limit rules apply to all claims, including for FOTRA securities where the terms of issue made no mention of time limit requirements.

If you receive any query disputing the normal time limit for claims in connection with a FOTRA security where the terms of issue did not mention time limit please refer the matter to Technical Advice Group.