The Double Taxation Relief (Taxes on Income) (General) (Manufactured Overseas Dividends) Regulations 1993
These Regulations, which come into force on 1st October 1993, are made under section 791 of the Income and Corporation Taxes Act 1988. The Regulations provide that the Board may make arrangements enabling a manufactured overseas dividend (within the meaning given by paragraph 4(1) of Schedule 23A to the 1988 Act) to be paid without deduction of income tax if the person beneficially entitled to the payment is resident in an overseas territory with which the United Kingdom has made arrangements for the relief of double taxation which provide for exemption from United Kingdom tax in respect of such income, and if certain other conditions are satisfied.