SCHEDULES

SCHEDULE 16 Foreign income dividends

Part IV Other provisions

Interest on tax overpaid

20

(1)

Section 826 of the Taxes Act 1988 shall be amended as follows.

(2)

In subsection (1) the following paragraph shall be inserted after paragraph (a)—

“(aa)

a repayment falls to be made under sections 246N and 246Q of advance corporation tax paid by a company in respect of distributions made by it in such an accounting period; or”.

F1(3)

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