Regulation 2 InterpretationI1

In these Regulations unless the context otherwise requires–

• F2...

• “approved United Kingdom collecting agent” means a person who is F3a collecting agent F4... and who is resident in the United Kingdom or, if not so resident, is carrying on a trade in the United Kingdom through a F5permanent establishment and who F6is approved by the Board for the purposes of these Regulations;

• “approved United Kingdom intermediary” means an overseas dividend manufac– turer who is resident in the United Kingdom or, if not so resident, is carrying on a trade in the United Kingdom through a permanent establishment and who is F7approved as an intermediary by the Board for the purposes of these Regulations;

• “the Board” means the Commissioners of Inland Revenue;

• F8“chargeable period” has the meaning given by regulation 2A;

• F9“collecting agent” means a person who, in the course of carrying on a trade in the United Kingdom, collects or secures payment of overseas dividends for another person or acts as custodian of any overseas securities;

• F10“foreign permanent establishment payment” means a payment made by a company in the course of a trade carried on through a permanent establishment in a territory outside the United Kingdom where section 18A of the Corporation Tax Act 2009 has effect in relation to the company for the accounting period in which the payment is made;

• “foreign permanent establishment receipt” means a receipt by a company for the purposes of a trade carried on by the company through a permanent establishment in a territory outside the United Kingdom where section 18A of the Corporation Tax Act 2009 has effect in relation to the company for the accounting period in which the payment is received;

• F11...

• “gross amount of the manufactured overseas dividend” has the meaning given by paragraph 4(5)(b) of Schedule 23A;

• F12“gross amount of the overseas dividend” has the meaning given by—

  1. (a)

     section 589(4) of the Income Tax Act 2007 for income tax purposes, and

  2. (b)

     section 813(3) of the Corporation Tax Act 2010 for corporation tax purposes;

• “the Income Tax Acts” has the meaning given by section 831(1)(b) of the Taxes Act;

• “the Management Act” means the Taxes Management Act 1970^f1;

• “manufactured overseas dividend” shall be construed in accordance with paragraph 4(1) of Schedule 23A;

• “overseas dividend”, “overseas dividend manufacturer”, “overseas securities”, “overseas tax” and “overseas tax credit” have the meanings given by paragraph 1(1) of Schedule 23A;

• “relevant withholding tax” has the meaning given by paragraph 4(5)(a) of Schedule 23A;

• “Schedule 23A” means Schedule 23A to the Taxes Act;

• “the Taxes Act” means the Income and Corporation Taxes Act 1988;

• “the Tax Acts” has the meaning given by section 831(2) of the Taxes Act;

• F13...

• F14“United Kingdom recipient” has the meaning given in section 918(5) and (5A) of the Income Tax Act 2007.

References in regulations 3 to 11, 14 and 15 to manufactured overseas dividends do not include references to manufactured overseas dividends to which regulation 2B applies, and references in those regulations to overseas dividends do not include references to any overseas dividend of which a manufactured overseas dividend to which regulation 2B applies would be representative.

In these Regulations references to a permanent establishment shall be read, in relation to accounting periods beginning before 1st January 2003, as references to a branch or agency.