[F1931ACharge to tax on distributions receivedU.K.
(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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[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).]]
Textual Amendments
F1Pt. 9A inserted (with effect in accordance with Sch. 14 para. 31 of the amending Act) by Finance Act 2009 (c. 10), Sch. 14 para. 1 (with Sch. 14 para. 32)
F2S. 931A(2) omitted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by virtue of Finance (No. 3) Act 2010 (c. 33), Sch. 3 para. 3(2)
F3S. 931A(3) substituted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 3 para. 3(2)