[SAIM5020] Dividends and other company distributions: the charge to tax on UK dividends etc.
Dividends etc from UK resident companies
The Income Tax charge on dividends and other distributions from UK resident companies is at ITTOIA05/S383. Such distributions include amounts that would otherwise be treated as capital (a capital distribution may fall within the definition of distribution and therefore be taxed as income). SAIM5030 has more on the meaning of ‘distribution’.
The income charged is the full amount or value of the dividends paid and other distributions made in the tax year (ITTOIA05/S384 – subject to certain rules on share incentive plans – SAIM5080).