# Income Tax (Trading and Other Income) Act 2005, Section 384: Income charged

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

(1) Tax is charged under this Chapter on the amount or value of the dividends paid and other distributions made in the tax year.
(2) Subsection (1) is subject to—
section 393(2) and (3) (later charge where cash dividends retained in SIPs are paid over), and
section 394(3) (distribution when dividend shares cease to be subject to SIP).
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/384 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-384
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.