Introduction Details of the Schedule Part 1 – Insertion of new Part 9A of CTA 2009 Chapter 3 of Part 9A of CTA
13.Chapter 3 gives the conditions for a distribution received by a large or medium-sized company to be exempt.
14.Section 931D makes a distribution exempt from corporation tax provided:
	it falls into one or more of the exempt classes; and
	it is not one of two types of distribution that do not qualify for exemption.
15.The first non-qualifying type relates to interest that is treated as a distribution, and to certain other distributions in respect of securities. The second non-qualifying type refers to distributions that qualify for a tax deduction in a foreign jurisdiction. These exclusions are identical to the second and third conditions that apply to small companies in section 931B.