- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)This section applies if a trade is carried on by a registered industrial and provident society and—
(a)the society does not sell to persons who are not its members, or
(b)the number of shares in the society is not limited by the society’s rules or practice.
(2)In calculating the profits of the trade, a deduction is allowed for sums which meet conditions A and B.
(3)Condition A is that—
(a)the sum represents a discount, rebate, dividend or bonus granted by the society to a member or other person (“the recipient”),
(b)the discount, rebate, dividend or bonus is in respect of—
(i)amounts paid or payable by the recipient, or
(ii)amounts paid or payable to the recipient,
on account of the recipient’s transactions with the society, and
(c)those transactions are taken into account in calculating the society’s profits chargeable under this Part.
(4)Condition B is that the sum mentioned in subsection (2) is calculated by reference to—
(a)the amounts paid or payable by or to the recipient, or
(b)the size of the transactions,
and not by reference to the amount of any share or interest in the capital of the society.
(5)See also section 230A of ICTA (dividend or bonus to which this section applies is not treated as a distribution).
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
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