F1Part 9ACompany distributions
Chapter 1The charge to tax
931ACharge to tax on distributions received
(1)
The charge to corporation tax on income applies to any dividend or other distribution of a company, but only if the distribution is not exempt.
F2(2)
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F3(3)
A distribution is exempt for the purposes of this Part if it is exempt under—
(a)
Chapter 2 (distributions received by small companies), or
(b)
Chapter 3 (distributions received by companies that are not small).