[F1Chapter 1U.K.The charge to tax
Textual Amendments
F1Pt. 9A inserted (with effect in accordance with Sch. 14 para. 31 of the amending Act) by Finance Act 2009 (c. 10), Sch. 14 para. 1 (with Sch. 14 para. 32)
931ACharge to tax on distributions receivedU.K.
(1)The charge to corporation tax on income applies to any dividend or other distribution of a company, but only if the distribution is not exempt.
F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F3(3)A distribution is exempt for the purposes of this Part if it is exempt under—
(a)Chapter 2 (distributions received by small companies), or
(b)Chapter 3 (distributions received by companies that are not small).]]
Textual Amendments
F2S. 931A(2) omitted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by virtue of Finance (No. 3) Act 2010 (c. 33), Sch. 3 para. 3(2)
F3S. 931A(3) substituted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 3 para. 3(2)