43(1)In paragraph 10(1) of Schedule 19AC to the Taxes Act 1988, in the notionally inserted section 438(3A)—U.K.
(a)for “subsection (6)” substitute “ subsections (6) and (6B) ”;
(b)after “UK distribution income of” insert “ , or foreign income dividends arising to, ”;
(c)after “taken into account” insert “ —(a) ”; and
(d)after “pension business” insert—
“, or
(b)where the company is charged to tax in respect of its life assurance business under Case I of Schedule D, in computing the profits of that business.”.
(2)In paragraph 10(2) for “subsections (6) and (6A)” substitute “ subsections (6), (6A), (6D) and (6E) ”.