Yn ddilys o 01/04/2009
[F1230ADividend or bonus granted by industrial and provident societyU.K.
(1)This section applies if—
(a)a dividend or bonus is granted by a registered industrial and provident society, and
(b)section 132 (deduction for dividends etc granted by industrial and provident societies) of CTA 2009 allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
(2)The dividend, or the bonus, is not treated as a distribution for the purposes of the Corporation Tax Acts.]
Textual Amendments
F1S. 230A and preceding cross-heading inserted (1.4.2009 with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), Sch. 1 para. 100 (with Sch. 2 Pts. 1, 2)