Revenue Note for Guidance

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Revenue Note for Guidance

CHAPTER 3

Distributions and tax credits – general

Overview

As tax credits do not attach to distributions made on or after 6 April 1999 this Chapter, other than section 137 (disallowance of reliefs in respect of bonus issues) and section 138 (treatment of dividends on certain preference shares) is largely redundant.

136 Tax credit for certain recipients of distributions

This section was repealed by section 69(2) of, and Part 2 of Schedule 2 to, the Finance Act 2000 with effect from 6 April 1999 in the case of income tax and for accounting periods commencing on or after that date in the case of corporation tax.

Relevant Date: Finance Act 2020