Valid from 03/05/1994
11(1)Section 13 of the Taxes Act 1988 (small companies’ relief) shall be amended as follows.
(2)In subsection (7) (definition of profits for purposes of small companies’ relief) after “companies within the group” there shall be inserted “ and with the addition of foreign income dividends arising to the company ”.
(3)The following subsection shall be inserted after subsection (8)—
“(8A)In this section “foreign income dividends” shall be construed in accordance with Chapter VA of Part VI.”