Sch 6 para 9
(1) Section 490 of the Taxes Act 1988 (companies carrying on a mutual business or not carrying on a business) shall be amended as follows. (2) In subsection (1) (which contains a reference to foreign income dividends) the words “or out of foreign income dividends” shall cease to have effect. (3) In subsection (4) (which contains a reference to foreign income dividends) the words “or foreign income dividends” shall cease to have effect. (4) Subsection (5) (definition of “ foreign income dividends ”) shall cease to have effect. (5) This paragraph has effect in relation to distributions made on or after 6th April 1999.