136. Charge to tax.

Income tax is charged on dividends and other distributions1 of a UK resident company2. Tax is charged on the amount or value of the dividends paid and other distributions made in the tax year3. The person liable for any tax so charged is the person to whom the distribution is made or treated as made4 for the period, or the person receiving or entitled to the distribution5.

Special rules apply if the shares in question were awarded to an individual under an approved share incentive plan