SCHEDULES
SCHEDULE 1Abolition of dividend tax credits etc
Further amendments in CTA 2010
39
1
Section 1100 (qualifying distribution: right to request a statement) is amended as follows.
2
In subsection (1) (requests for statement)—
a
for “qualifying distribution” substitute “
distribution to which this section applies
”
, and
b
omit paragraph (b) (amount of any tax credit), and the “and” preceding it.
3
After subsection (4) insert—
4A
This section applies to any distribution other than one which is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph C or D in section 1000(1) (redeemable share capital or security issued as bonus in respect of shares in, or securities of, the company).
4
Omit subsections (2) and (5) (interpretation of subsection (1)(b)).
5
In subsection (7) (section to be read with section 396A(2) of ITTOIA 2005)—
a
for “needs” substitute “
, and sections 1101 to 1103, need
”
, and
b
for “as “qualifying distributions” for the purposes of this section” substitute “
as distributions to which this section applies
”
.
6
In the heading, for “Qualifying” substitute “
Certain
”
.