This section has no associated Explanatory Notes
5(1)Section 13 (income charged at dividend ordinary and dividend upper rates: individuals) is amended as follows.U.K.
(2)After subsection (2) insert—
“(2A)Income tax is charged at the dividend additional rate on an individual's income which—
(a)is dividend income,
(b)would otherwise be charged at the additional rate, and
(c)is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005.”
(3)In subsection (3), for “and (2)” substitute “ to (2A) ”.
(4)In subsection (4), for “or higher” substitute “ , higher or additional ”.
(5)In the heading, for “and dividend upper” substitute “ , dividend upper and dividend additional ”.