1996 No. 2642

INCOME TAX

The Manufactured Overseas Dividends (French Indemnity Payments) (Amendment) Regulations 1996

Made

Laid before the House of Commons

Coming into force

The Treasury, in exercise of the powers conferred on them by paragraphs 1(1) and 8 of Schedule 23A to the Income and Corporation Taxes Act 19881, hereby make the following Regulations:

1

These Regulations may be cited as the Manufactured Overseas Dividends (French Indemnity Payments) (Amendment) Regulations 1996 and shall come into force on 6th November 1996.

2

In regulations 3(2)(a) and 4(2)(a) of the Manufactured Overseas Dividends (French Indemnity Payments) Regulations 19962, for the words “paragraphs 4 and 5” there shall be substituted the words “paragraph 4”.

Roger KnapmanBowen WellsTwo of the Lords Commissioners of Her Majesty’s Treasury

(This note is not part of the Regulations)

These Regulations amend the Manufactured Overseas Dividends (French Indemnity Payments) Regulations 1996 (S.I.1996/1826) by omitting from regulations 3 and 4 references to paragraph 5 of Schedule 23A to the Income and Corporation Taxes Act 1988 (“Schedule 23A”). The amendments made are in consequence of the disapplication of paragraph 5 of Schedule 23A in relation to manufactured overseas dividends by the Income Tax (Manufactured Overseas Dividends) (Amendment No. 2) Regulations 1996 (S.I.1996/2643).