Part 4

Savings and investment income
Chapter 3
Dividends etc. from UK resident companies
and tax
treated as paid
in respect of certain distributions

Charge to tax on dividends and other distributions

Income charged
384
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).
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Words in Pt. 4 Ch. 3 heading substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 3
S. 384(3) 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. 5
Words in Pt. 4 Ch. 3 heading substituted (with effect in accordance with s. 34(2) of the amending Act) by Finance Act 2008 (c. 9), Sch. 12 para. 2