C2Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
C1Chapter 9Manufactured payments
Annotations:
Modifications etc. (not altering text)
C1
Pt. 15 Ch. 9 modified (with effect in accordance with art. 2 of the commencing S.I.) by Finance Act 2007 (c. 11), s. 47(4), Sch. 13 para. 13; S.I. 2007/2483, art. 2
Manufactured overseas dividends
924Power to reduce section 923 liability
1
The Treasury may by regulations provide for a reduction in the amount of tax to be accounted for and paid as a result of section 923.
2
The reduction must be a reduction, to such extent and for such purposes as may be determined under the regulations, by reference to amounts of overseas tax charged on, or in respect of—
a
the making of the manufactured overseas dividend, or
b
the overseas dividend of which the manufactured overseas dividend is representative.
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)