SCHEDULES

F1C1Schedule 23A MANUFACTURED DIVIDENDS AND INTEREST

Annotations:
Amendments (Textual)
F1

Sch. 23A inserted by Finance Act 1991 (c. 31, SIF 63:1), s. 58, Sch. 13 para. 1 (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by S.I. 1992/173, reg.2; 30.6.1992 specified for certain purposes by S.I. 1992/1346, regs.2, 3, 4; 21.4.1993 specified for certain purposes by S.I. 1993/933, regs.2, 3(b), 4)

Modifications etc. (not altering text)

F2Dividend manufacturing regulations: general

Annotations:
Amendments (Textual)
F2

Sch. 23A inserted by Finance Act 1991 (c. 31, SIF 63:1), s. 58, Sch. 13 para.1 (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by S.I. 1992/173, reg.2; 30.6.1992 specified for certain purposes by S.I. 1992/1346, regs.2, 3, 4; 21.4.1993 specified for certain purposes by S.I. 1993/933, regs.2, 3(b), 4)

F38

1

Dividend manufacturing regulations may make provision for—

a

such manufactured dividends F9. . . or manufactured overseas dividends as may be prescribed,

F4aa

such persons who receive, or become entitled to receive, manufactured dividends F9. . . or manufactured overseas dividends as may be prescribed, or

b

such dividend manufacturers F10. . . or overseas dividend manufacturers as may be prescribed,

to be treated in prescribed circumstances otherwise than as mentioned in F6paragraphs F112 and 4 above for the purposes of such provisions of the F12Corporation Tax Acts as may be prescribed.

F51A

Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—

a

for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and

b

for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the F13Corporation Tax Acts F14. . . , to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.

2

Dividend manufacturing regulations may make provision with respect to—

a

the accounts and other records which are to be kept,

b

the vouchers which are to be issued or produced,

c

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

d

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

F7by persons by F16. . . whom manufactured dividends F17. . . are paid.

F82A

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

3

Dividend manufacturing regulations may—

a

make provision for prescribed provisions of the Management Act to apply F19for corporation tax purposes in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;

b

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

4

Dividend manufacturing regulations may make different provision for different cases.