CFM17395 – MODS: regulation 8

Regulation 8 and the disapplication of ITA07/S922

Regulation 8 deals with the receipt by AUKIs/AUKCAs of MODs in relation to which ITA07/S922 has been disapplied by regulation 4 or 5. It also applies to the receipt of MODs by both AUKIs and non-AUKIs where the ITA07/S923 reverse charge is disapplied by virtue of regulation 7(2)(a) to (d). The recipient is treated as receiving an overseas dividend of the actual amount of the MOD, or a grossed up amount if a ITA07/S923 reverse charge is paid.