Section 1052 — Corporation Tax Act 2010: Share capital to which section 1049 applies: returns

Share capital to which section 1049 applies: returns 1052 1 If a company issues, in an accounting period, share capital to which section 1049 applies (“relevant share capital”), the company must make a return of the capital for each return period in which it was issued (see section 1053).

2 The return must be made—

a to an officer of Revenue and Customs, and b within 30 days from the end of the return period.

3 A return made under this section for a return period must give the following information for any relevant share capital issued by the company in the period—

a the date on which it was issued, b the date on which the company was first required to issue it (if different from the date on which it was issued),

c details of the terms on which it was issued, and d what its cash equivalent is under section 412 of ITTOIA 2005.

4 If it appears to an officer of Revenue and Customs that a company should have, but has not, made a return under this section for a particular return period, the officer may by notice require the company to do so.

5 If no relevant share capital was issued by the company in the return period, a return required to be made under subsection (4) must state that that is the case.

6 The notice under subsection (4) must specify the period within which the return must be made.

7 That period must be at least 30 days.