Section 403 | Income charged

(1)Tax is charged under this Chapter on the ... amount of the dividends arising in the tax year.

(2)Subsection (1) is subject to—

section 406(2) and (3) (later charge where cash dividends retained in SIPs are paid over),

section 407(3) (dividend payment when dividend shares cease to be subject to SIP), and

Part 8 (foreign income: special rules).