Revenue Note for Guidance

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Revenue Note for Guidance

267AA Taxation of dividends in regular share accounts

(a) This section provides that dividends paid or credited to regular share accounts will be subject to DIRT.

This paragraph provides that a credit union shall treat deposits in a regular share account as a relevant deposit.

(b) The DIRT provisions, as set out in Chapter 4 of this Part, are to apply to dividends paid or credited to regular share accounts as they apply to relevant interest paid by a relevant deposit taker.

Relevant Date: Finance Act 2021