C1C2C3PART VI COMPANY DISTRIBUTIONS, TAX CREDITS ETC

Annotations:
Modifications etc. (not altering text)
C1

Pt. 6 modified by Airports Act 1986 (c. 31), s. 77(3) (as substituted (with effect in accordance with s. 105(1) of the amending Act) by Finance Act 1996 (c. 8), Sch. 14 para. 3 (with Sch. 15))

C2

Pt. 6 modified by Gas Act 1986 (c. 44), s. 60(3) (as substituted (with effect in accordance with s. 105(1) of the amending Act) by Finance Act 1996 (c. 8), Sch. 14 para. 4 (with Sch. 15))

C3

Pt. 6 modified by British Steel Act 1988 (c. 35), s. 11(7) (as substituted (with effect in accordance with s. 105(1) of the amending Act) by Finance Act 1996 (c. 8), Sch. 14 para. 55 (with Sch. 15))

F26F25Chapter VA Foreign Income Dividends

Annotations:
Amendments (Textual)
F26

Pt. 6 Ch. 5A (ss. 246A-246Y) inserted (3.5.1994) by Finance Act 1994 (c. 9), Sch. 16 para. 1

F25

Ss. 246A-246Y (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by Finance (No. 2) Act 1997 (c. 58), Sch. 6 para. 3(1), Sch. 8 Pt. 2(11), Note

Election by company paying dividend

246A Election by company paying dividend.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246B Procedure for making election.

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Recipient of foreign income dividend

246C No tax credit for recipient.

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246D Individuals etc.

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Companies: payments and receipts

246E Foreign income dividend not franked payment.

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246F Calculation of ACT where company receives foreign income dividend.

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246G Information relating to foreign income dividends.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246H Power of inspector to require information.

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Foreign source profit and distributable foreign profit

246I Foreign source profit and distributable foreign profit.

F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Matching of dividend with distributable foreign profit

246J Matching of dividend with distributable foreign profit.

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246K Matching: subsidiaries.

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246L Requirement as to subsidiaries.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246M Matching: further provisions.

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Repayment or set-off of advance corporation tax

246N ACT to be repaid or set off against corporation tax liability.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246P Notional foreign source advance corporation tax.

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246Q Repayment or set-off: supplementary.

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246R Supplementary claims.

F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

International headquarters companies

246S International headquarters companies.

F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246T Liability to pay ACT displaced.

F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246U Settlement of liability by IHC as to ACT.

F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246V Settlement of liability by non-IHC as to ACT.

F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246W Payments and repayments where further matching takes place.

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Adjustments

246X Adjustments where profits or foreign tax altered.

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of this Chapter

246Y Application of this Chapter.

F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .