Finance Act 2008 (c. 9)

SCHEDULES

SCHEDULE 12 U.K. Tax credit for certain foreign distributions

Part 2 U.K. Consequential provision

ITTOIA 2005 U.K.

17 U.K. ITTOIA 2005 is amended as follows.

18 U.K. In section 403(1) (dividends from non-UK resident companies: income charged), omit “full”.

F1 19 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Sch. 12 para. 19 omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 64

F2 20 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F2 Sch. 12 para. 20 omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 64

21 U.K. 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 U.K. In section 688(1) (income not otherwise charged), omit “full”.