SCHEDULES

SCHEDULE 1Abolition of dividend tax credits etc

Other amendments

58

1

FA 1998 is amended as follows.

2

Omit section 76(3) (regulations about tax credits where non-UK residents have invested in individual savings accounts).

3

In Schedule 18 (company tax returns etc)—

a

omit paragraph 9(3) (certain claims by companies for payment of tax credits),

b

in paragraphs 22(3)(a)(i) and 23(3)(a)(i) (which relate to a statement as to amount of qualifying distribution and tax credit), after “amount” insert “ of distribution, but formerly amount ”, and

c

in paragraph 52(2)(a) omit “or payment of a tax credit”.