The Income Tax (Manufactured Overseas Dividends) Regulations 1993

Issue of vouchers in respect of manufactured overseas dividends paid under deduction of tax

15.—(1) Subject to paragraphs (2) and (3), where an overseas dividend manufacturer makes a payment of a manufactured overseas dividend from which an amount is deducted by him under paragraph 4(2) of Schedule 23A or, as the case may be, under regulation 13(2)(a), or under both paragraph 4(2) of Schedule 23A and regulation 13(2)(a), he shall furnish the recipient of the payment with a voucher showing the details specified in paragraph (4).

(2) Except where an amount is deducted under regulation 13(2)(a), paragraph (1) shall not apply in any case where, pursuant to paragraph (2), (3)(c) or (4)(c) of regulation 10, a voucher is forwarded to the recipient of a manufactured overseas dividend.

(3) Where the overseas dividend manufacturer is an approved United Kingdom intermediary, he shall not be required to furnish the recipient of a payment with the voucher referred to in paragraph (1) unless the recipient requests such a voucher.

(4) The details specified in this paragraph are that the voucher shall show–

(a) the gross amount of the payment,

(b) the amount deducted or, where more than one amount has been deducted, each such amount separately, and

(c) the actual amount paid.

(5) An approved United Kingdom collecting agent, where requested to do so by the person beneficially entitled to a manufactured overseas dividend in respect of which tax has been paid or is due to be paid by the approved United Kingdom collecting agent under paragraph 4(3) of Schedule 23A or regulation 4(3), shall furnish that person with a voucher showing–

(a) the gross amount of the manufactured overseas dividend received by him,

(b) the amount of tax paid or due to be paid by him in respect of the manufactured overseas dividend, and

(c) the actual amount paid.