Except where otherwise provided for in this Chapter, where before the 6th day of April, 1999, a company resident in the State makes a distribution, the company shall be liable to make a payment of corporation tax (to be known as "advance corporation tax") in accordance with this Chapter and, subject to section 162, the amount of advance corporation tax shall, whether or not the recipient of the distribution is a person entitled to a tax credit in respect of the distribution, be equal to the amount of the tax credit to which a recipient who is such a person is entitled in respect of the distribution.
Version status: Deleted | Document consolidation status: Updated to reflect all known changes
Version date: 6 February 2003 - onwards
159. Liability for advance corporation tax.
Deleted from 6 February 2003