The Individual Savings Account (Amendment No. 2) Regulations, SI 2013/623, secure that no tax disadvantage accrues to savers who withdrew and reinvested sums from cash ISAs because they were affected by technical difficulties in Royal Bank of Scotland Group in 2012, and remove the rule that ISA managers must send annual reminders to investors at the start of a tax year about not subscribing to more than one ISA of the same type in that tax year and not exceeding the ISA subscription limit.
The Individual Savings Account (Amendment No. 2) Regulations, SI 2013/623, secure that no tax disadvantage accrues to savers who withdrew and reinvested sums from cash ISAs because they were affected by technical difficulties in Royal Bank of Scotland Group in 2012, and remove the rule that ISA managers must send annual reminders to investors at the start of a tax year about not subscribing to more than one ISA of the same type in that tax year and not exceeding the ISA subscription limit.
