Finance Act, 1990

Tax credits in respect of distributions.

36.—(1) The provisions of the Corporation Tax Act, 1976 , specified in paragraph 1 of the First Schedule shall have effect in relation to distributions made on or after the 6th day of April, 1991, as if the standard rate for the year 1991-92 and subsequent years of assessment were 25 per cent.

(2) The First Schedule shall have effect for the purpose of supplementing subsection (1).