Section 14 — Income Tax Act 2007: Income charged at the dividend ordinary rate: non-individuals

Income charged at the dividend ordinary rate: non-individuals 14 1 Income tax is charged at the dividend ordinary rate on the income of persons other than individuals which—

a is dividend income, b would otherwise be charged at the default basic rate , and c is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005 (relevant foreign income charged on the remittance basis).

2 This is subject to— Chapters 3 to 5 of Part 9 (which provide for some income of trustees to be charged at the dividend trust rate or at the trust rate), ... and any other provisions of the Income Tax Acts (apart from section 11) which provide for income of persons other than individuals to be charged at different rates of income tax in some circumstances.