SCHEDULES
SCHEDULE 19Income tax credits for foreign distributions
ITTOIA 2005
1
ITTOIA 2005 is amended as follows.
2
1
Section 397A (tax credits for distributions of non-UK resident companies: UK residents and eligible non-UK residents) is amended as follows.
F62
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F63
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4
In subsection (7), omit the definition of “minority shareholder”.
F73
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F54
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F15
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6
1
Section 397C (meaning of “minority shareholder”) is amended as follows.
2
In subsection (1)—
F3a
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b
omit “non-UK resident”.
F23
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F24
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F47
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8
In section 873 (orders and regulations), after subsection (3) insert—
4
Further, subsection (2) does not apply if any other Parliamentary procedure is expressly provided to apply in relation to the order or regulations.