Part 4Savings and investment income
Chapter 3Dividends etc. from UK resident companies and tax treated as paid in respect of certain distributions
Charge to tax on dividends and other distributions
384Income charged
(1)
Tax is charged under this Chapter on the amount or value of the dividends paid and other distributions made in the tax year.
(2)
Subsection (1) is subject to—
section 393(2) and (3) (later charge where cash dividends retained in SIPs are paid over), and
section 394(3) (distribution when dividend shares cease to be subject to SIP).
F1(3)
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