The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2001

• Citation: S.I. 2001/403
• Sections: 2

Section 1 Citation, commencement and effect

(1) These Regulations may be cited as the Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2001 and shall come into force on 9th March 2001.

(2) These Regulations shall have effect in relation to manufactured overseas dividends paid or received on or after 1st April 2001.

(3) In paragraph (2) “manufactured overseas dividend” has the meaning given by paragraph 4(1) of Schedule 23A to the Income and Corporation Taxes Act 1988.

Section 2 Amendment to the Income Tax (Manufactured Overseas Dividends) 1993

(1) Amend regulation 2(1) of the Income Tax (Manufactured Overseas Dividends) Regulations 1993 as follows.

(2) For the definition of “collecting agent” substitute the following definition—

“collecting agent” means a person who, in the course of carrying on a trade in the United Kingdom, collects or secures payment of overseas dividends for another person or acts as custodian of any overseas securities;