Part 23Company distributions
Chapter 3Matters which are not distributions
Registered society payments
1056Dividend or bonus relating to transactions
(1)
This section applies if—
(a)
a dividend or bonus is granted by a F1registered society , and
(b)
section 132 of CTA 2009 (dividends etc relating to transactions with F2a registered society ) allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
(2)
The dividend, or the bonus, is not a distribution for the purposes of the Corporation Tax Acts.