# Income and Corporation Taxes Act 1988, Paragraph 8

Extent: E+W+S+N.I.

(1) Dividend manufacturing regulations may make provision for—
(a) such manufactured dividends . . . or manufactured overseas dividends as may be prescribed,
(aa) such persons who receive, or become entitled to receive, manufactured dividends . . . or manufactured overseas dividends as may be prescribed, or
(b) such dividend manufacturers . . . or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 and 4 above for the purposes of such provisions of the Corporation Tax Acts as may be prescribed.
(1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
(a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
(b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Corporation Tax Acts . . . , to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
(2) Dividend manufacturing regulations may make provision with respect to—
(a) the accounts and other records which are to be kept,
(b) the vouchers which are to be issued or produced,
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
by persons by . . . whom manufactured dividends . . . are paid.
(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Dividend manufacturing regulations may—
(a) make provision for prescribed provisions of the Management Act to apply for corporation tax purposes in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) Dividend manufacturing regulations may make different provision for different cases.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-23A/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.