SCHEDULES
SCHEDULE 14Corporation tax treatment of company distributions
Part 2Other amendments
ICTA
2
ICTA is amended as follows.
3
In section 13(7) (small companies' relief), omit “resident in the United Kingdom”.
4
1
Section 505(1)(c) (charitable companies: general) is amended as follows.
2
After sub-paragraph (ii) insert—
iizza
from tax under Part 9A of CTA 2009 (company distributions),
3
Omit sub-paragraph (iib).
5
1
Section 95ZA (taxation of UK distributions received by insurance companies) is amended as follows.
2
In subsection (1), for “section 1285” substitute “
section 130(2)
”
.
3
In subsection (2)(a), omit “resident in the United Kingdom”.
F26
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7
In section 795 (double taxation relief: computation of income subject to foreign tax), omit subsection (3A).
F18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Omit sections 806A to 806K (double taxation relief in relation to foreign dividends: onshore pooling and utilisation of eligible unrelieved foreign tax).
10
In section 826 (interest on tax overpaid), omit subsection (7BC).
F511
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F412
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
In paragraph 5(3)(c) of Schedule 27 (distributing funds: United Kingdom equivalent profits)—
a
for “section 1285” substitute “
Chapter 2 or 3 of Part 9A
”
, and
b
omit “in like manner as if they were dividends or distributions of a company resident outside the United Kingdom”.
F314
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