Section 931A | Charge to tax on distributions received

(1)The charge to corporation tax on income applies to any dividend or other distribution of a company, but only if the distribution is not exempt.

(2)Repealed

(3)A distribution is exempt for the purposes of this Part if it is exempt under—

(a)Chapter 2 (distributions received by small companies), or

(b)Chapter 3 (distributions received by companies that are not small).