SCHEDULES

SCHEDULE 14Corporation tax treatment of company distributions

Part 2Other amendments

ICTA

13

In paragraph 5(3)(c) of Schedule 27 (distributing funds: United Kingdom equivalent profits)—

a

for “section 1285” substitute “ Chapter 2 or 3 of Part 9A ”, and

b

omit “in like manner as if they were dividends or distributions of a company resident outside the United Kingdom”.