# Income Tax (Trading and Other Income) Act 2005, Section 403: Income charged

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

(1) Tax is charged under this Chapter on the ... amount of the dividends arising in the tax year.
(2) Subsection (1) is subject to—
section 406(2) and (3) (later charge where cash dividends retained in SIPs are paid over),
section 407(3) (dividend payment when dividend shares cease to be subject to SIP), and
Part 8 (foreign income: special rules).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/403 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-403
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.