Revenue Note for Guidance
(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