# The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) (Amendment) Regulations 2011, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034) (“the 2009 Regulations”) which enable an investment trust or prospective investment trust (i.e. a company that expects to be approved as an investment trust) to treat its dividends as payments of interest rather than as dividends on shares for tax purposes.
Regulation 1 provides for citation, commencement and effect.
Regulation 2 introduces amendments to the 2009 Regulations.
Regulation 3 revokes regulation 6 of the 2009 Regulations.
Regulation 4 substitutes regulation 12 of the 2009 Regulations so that interest distributions cannot be made in relation to an accounting period for which a company is not approved as an investment trust in accordance with regulations made under section 1159 of Corporation Tax Act 2010.
A Tax Information and Impact Note has not been prepared for this Instrument as it contains no substantive changes to tax policy.

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Source: https://www.legislation.gov.uk/uksi/2011/2951/note (the official version)
Page: https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-amendment-regulations-2011/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.