The Distributions (Excluded Companies) Regulations 2009

• Citation: S.I. 2009/3314
• Sections: 2

Section 1 Citation, commencement and effect

(1) These Regulations may be cited as the Distributions (Excluded Companies) Regulations 2009 and shall come into force on the day on which they are made.

(2) These Regulations shall have effect for accounting periods which are current on the day on which these Regulations are made and for accounting periods which begin after that day.

Section 2 Excluded companies

(1) A territory which satisfies section 931C(1)(a) and (b) is nevertheless not a qualifying territory for the purpose of section 931B in respect of the payer of the distribution if the payer is an excluded company.

(2) For the purposes of this regulation, an excluded company is one which is excluded from one or more of the benefits of any double taxation relief arrangements for the time being in force in relation to that territory.