# Income and Corporation Taxes Act 1988, Paragraph 5

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

Where in an accounting period the total amount of the distributions made (or treated as made) by a company exceeds its basic profits, the amount of the company’s basic profits for that period matched with non-corporate distributions is—
(NCDD)×BPwhere—
NCD is the total amount of the non-corporate distributions made (or treated as made) by the company in that period;
D is the total amount of all the distributions made (or treated as made) by the company in that period; and
BP is the amount of the company’s basic profits for that period.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2/paragraph/5 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-A2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.