# The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995, Regulation 9: Modification of subsection (5A)


(1) In any case where—
(a) a dividend manufacturer is a member in relation to Tradepoint and a clearing participant, and
(b) the manufactured dividend paid by the dividend manufacturer is not an approved manufactured dividend,
subsection (5A) shall apply with the modification prescribed by paragraph (2) below.
(2) Subsection (5A) shall apply as if the reference in that subsection to the amount in respect of which relief is not to be given included a reference to the net amount of the manufactured dividend after deduction of tax pursuant to subsection (1).

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Source: https://www.legislation.gov.uk/uksi/1995/2052/regulation/9 (the official version)
Page: https://openlegislation.uk/income-tax-manufactured-dividends-tradepoint-regulations-1995/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.