SCHEDULES
SCHEDULE 14 Distributions of authorised unit trusts
Commencement
7
1
Subject to sub-paragraph (2) below, this Schedule shall have effect in relation to distribution periods beginning on or after 1st April 1994.
2
Nothing in the amendments made by this Schedule shall be taken to permit—
a
the total amount shown in the distribution accounts for a distribution period of an authorised unit trust, or
b
a part of that total amount,
to be shown as available for distribution as foreign income dividends unless the distribution date for that distribution period is 1st July 1994 or a subsequent date.