SCHEDULES
SCHEDULE 12Tax credit for certain foreign distributions
Part 2Consequential provision
ITTOIA 2005
17
ITTOIA 2005 is amended as follows.
18
In section 403(1) (dividends from non-UK resident companies: income charged), omit “full”.
F119
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F220
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21
In section 408 (reduction in tax due in cases within section 407), after subsection (2) insert—
2A
In subsection (2) “the tax due” means the amount of tax due as a result of section 407 after deduction of the tax credit determined in accordance with section 407(4A).
22
In section 688(1) (income not otherwise charged), omit “full”.