Part 4Savings and investment income

Chapter 3Dividends etc. from UK resident companies etc.

Charge to tax on dividends and other distributions

384Income charged

1

Tax is charged under this Chapter on the amount or value of the dividends paid and other distributions made in the tax year.

2

Subsection (1) is subject to—

  • section 393(2) and (3) (later charge where cash dividends retained in SIPs are paid over), and

  • section 394(3) (distribution when dividend shares cease to be subject to SIP).

3

See also section 398 (under which the amount or value of the dividends or other distributions is treated as increased if any person is entitled to a tax credit in respect of them).