Corporation Tax Act 2010
This section has no associated Explanatory Notes
220(1)Section 783 (treatment of payer of manufactured dividend) is amended as follows.
(2)In subsection (6), for the words from “as if” to the end substitute “for the purposes of section 76 of FA 2012 as a deemed BLAGAB management expense for the accounting period in which it is paid.”
(3)In subsection (7)—
(a)in paragraph (a), for “under section 432A of ICTA” substitute “in accordance with Chapter 4 of Part 2 of FA 2012”, and
(b)in paragraph (b), for “under section 432A of ICTA” substitute “in accordance with that Chapter”.