Section 1101 — Corporation Tax Act 2010: Other distributions etc: returns and information

Other distributions etc: returns and information 1101 1 If a company makes a distribution to which section 1100 does not apply , it must make a return to an officer of Revenue and Customs.

2 The return must—

a contain particulars of the transaction giving rise to the distribution, b state the name and address of the recipient, or each recipient, of the distribution, and c state the amount or value of the distribution received by the recipient, or each recipient.

3 The return must be made—

a within 14 days from the end of the accounting period in which the distribution is made, or b if the date on which the distribution is made does not fall in an accounting period, within 14 days from that date.

4 If it is not apparent whether or not a transaction gives rise to a distribution to which section 1100 does not apply , the company—

a must make a return to an officer of Revenue and Customs containing particulars of the transaction, and b must do so within the time limit that would be given by subsection (3) if the transaction did give rise to such a distribution.

5 If subsection (4) applies, an officer of Revenue and Customs may serve a notice on the company requiring it to provide any further information in relation to the transaction that the officer reasonably requires.

6 If it appears to an officer of Revenue and Customs that particulars of any transaction should have been, but have not been, included in a return under subsection (1) or (4), the officer may serve a notice on the company requiring it to provide any information relating to the transaction that the officer reasonably requires.

7 The company must provide the information required under subsection (5) or (6) within the time specified in the notice.