[F1888BDesignated dividends of investment trustsU.K.
This section has no associated Explanatory Notes
The duty to deduct a sum representing income tax under section 874 does not apply to a dividend so far as it is treated as a payment of yearly interest by regulations under section 45 of FA 2009 (dividends designated by investment trust or prospective investment trust).]
Textual Amendments
F1Ss. 888B-888D inserted (with effect in accordance with Sch. 5 para. 5(1) of the amending Act) by Finance Act 2017 (c. 10), Sch. 5 para. 1