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Finance Act 2004 SCHEDULE 3 — Corporation tax: the non-corporate distribution rate: supplementary provisions
Part 1 — General provisions
Introduction
Meaning of “non-corporate distribution”
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Calculation of company’s “underlying rate of corporation tax”
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Matching: distributions not exceeding basic profits
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Matching: distributions exceeding basic profits
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Part 2 — Allocation of excess NCDs to other companies
Allocation of excess NCDs to other companies
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Allocation of excess NCDs to other group companies
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Allocation of excess NCDs: period or periods to which amount to be allocated
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Allocation of excess NCDs: degrouping
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Allocation of excess NCDs: procedure
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Allocation of excess NCDs: amounts proving to be excessive
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Allocation of excess NCDs to companies not resident in the United Kingdom
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Part 3 — Other supplementary provisions
Carry forward of excess NCDs
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Definition of a group
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Accounting period treated as ending if company ceases to be a member of a group
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Treatment of distributions made otherwise than in an accounting period
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Holding companies treated as carrying on a business
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Interpretation
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Back to Finance Act 2004 — full text
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