Taxation (International and Other Provisions) Act 2010 section Schedule 9 paragraph 25

Limited effect of amendments of sections 806A to 806J of ICTA

Schedule 9 paragraph 25 restricts the scope of certain amendments made to the old ICTA provisions on manufactured overseas dividends, ensuring they only apply to distributions paid before a specific cut-off date.

• This paragraph concerns amendments made by Part 1 of Schedule 8 to sections 806A to 806J of the Income and Corporation Taxes Act 1988 (ICTA).
• Those ICTA sections dealt with the tax treatment of manufactured overseas dividends and related credit relief matters.
• The amendments made by Part 1 of Schedule 8 to those ICTA provisions have limited temporal effect — they apply only to distributions paid before 1 July 2009.
• For distributions paid on or after 1 July 2009, the amended ICTA provisions do not apply, as the new TIOPA 2010 regime takes over from that date.