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).