The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2011

Amendment of regulation 2 (interpretation)

3.—(1) In regulation 2 (interpretation), amend paragraph (1) as follows.

(2) After the definition of “collecting agent”(1) insert—

““foreign permanent establishment payment” means a payment made by a company in the course of a trade carried on through a permanent establishment in a territory outside the United Kingdom where section 18A of the Corporation Tax Act 2009(2) has effect in relation to the company for the accounting period in which the payment is made;

“foreign permanent establishment receipt” means a receipt by a company for the purposes of a trade carried on by the company through a permanent establishment in a territory outside the United Kingdom where section 18A of the Corporation Tax Act 2009 has effect in relation to the company for the accounting period in which the payment is received;”.

(3) For the definition of “United Kingdom recipient”(3) substitute—

““United Kingdom recipient” has the meaning given in section 918(5) and (5A) of the Income Tax Act 2007(4).”.

(1)

The definition of “collecting agent” was substituted by S.I. 1996/2643 and amended by S.I. 2001/403.

(2)

Section 18A was inserted by paragraph 4 of Schedule 13 to the Finance Act 2011 (c. 11).

(3)

The definition of “UK recipient” was substituted by S.I. 2003/2582.

(4)

Section 918(5A) was inserted by paragraph 20(4) of Schedule 13 to the Finance Act 2011.