Part 4

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

Amounts treated as dividends

Date when dividends paid under section 386
387
1
This section applies for determining the date on which dividends are treated as paid under section 386.
2
The date on which the dividends are treated as paid depends on whether a date is specified for the distribution period in question by or in accordance with—
a
the company's instrument of incorporation and its prospectus in issue for the time being (including any supplements), or
b
in the case of an open-ended investment company which is part of an umbrella company, such parts of those documents of the umbrella company as apply to the open-ended investment company.
3
If such a date is so specified, the dividends are treated as paid on that date.
4
If no such date is so specified, the dividends are treated as paid on the last day of that period.
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
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