172 Application of section 171 to members in the same territory as the ultimate parent
Finance (No 2) Act 2023 (2023 c 30) | Legislation

172  Application of section 171 to members in the same territory as the ultimate parent

(1)     Subsection (2) applies to a distribution of a qualifying dividend by a member of a multinational group where conditions X and Y are met.

(2)     Where this subsection applies, subsections (1) and (6) of section 171 apply to the distribution made by the member as it applies to a distribution by the ultimate parent in relation to which one of conditions A to C in that section apply.

(3)     Condition X is that the member—

(a)     is located in the same territory as the ultimate

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