Regulation 2

In regulation 2 of the Double Taxation Relief (Taxes on Income) (General) (Manufactured Overseas Dividends) Regulations 1993^f1 for the definition of “manufactured overseas dividend” there shall be substituted the following definition—

• ““manufactured overseas dividend” means any payment of the description contained in paragraph 4(1) of Schedule 23A to the Taxes Act^f2 other than a payment to which regulation 2B of the Income Tax (Manufactured Overseas Dividends) Regulations 1993^f3 (tax treatment of manufactured overseas dividends paid in connection with loan relationships) applies;”