HC Deb 03 December 1996 vol 286 c930

Resolved, That provision (including provision having retrospective effect) may be made for distributions of a company to be treated—

  1. (a) as if they were foreign income dividends; and
  2. (b) in cases where they are made to trustees, as if they were income to which section 686 of the Income and Corporation Taxes Act 1988 applies.