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
385Person liable
(1)
The person liable for any tax charged under this Chapter is—
(a)
the person to whom the distribution is made or is treated as made (see Part 6 of ICTA and sections 386(3) F1, 389(3) and 396A ), or
(b)
the person receiving or entitled to the distribution.
(2)
Subsection (1) is subject to—
section 393(4) (later charge where cash dividends retained in SIPs are paid over), and
section 394(4) (distribution when dividend shares cease to be subject to SIP).