»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp reason for the changes introduced by FA93 was to raise revenue for the Exchequer. AUK resident taxpayer who was liable at the higher rate of 40% suffered an additional liability of 20% (40% - 20%) rather than 15% (40% - 25%) on the dividend income. Furthermore, a body that was exempt from tax (such as a pension fund) received payment of any tax credit at 20% rather than 25%.

»Ê¹ÚÌåÓýapp intermediate ACT rate of 9/31 for distributions made in 1993-94 was introduced because an immediate reduction to 1/4 would have had a significant Exchequer cost.