Finance Act, 2000
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Amendment of section 831 (implementation of Council Directive No. 90/435/EEC concerning the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States) of Principal Act. |
33.—As respects distributions made on or after 6 April 2000, section 831 of the Principal Act is amended— | |
(a) in subsection (1)(a), by the substitution of the following definition for the definition of “company”: | ||
“ ‘company’, other than in the expression ‘unlimited company’ in subsection (5A), means a company of a Member State;”, | ||
and | ||
(b) by the insertion of the following subsection after subsection (5) (inserted by the Finance Act, 1999 ): | ||
“(5A) Subsection (5) shall apply to a distribution made by an unlimited company within the meaning of section 5 (2)(c) of the Companies Act, 1963 , as it would apply if the unlimited company were a company of a Member State.”. |