Section 1102 — Corporation Tax Act 2010: Other distributions etc: additional information

Other distributions etc: additional information 1102 1 This section—

a gives officers of Revenue and Customs power to require persons to provide information for the purposes of section 1101, and b applies only if section 1101(1), (4) or (6) applies. 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Subsections (4) and (5) apply if a company (“the issuing company”) appears to an officer of Revenue and Customs to be a close company.

4 The officer may, for the purposes of section 1101, by notice require the issuing company to provide the officer with—

a particulars of any bearer securities issued by the company, b the names and addresses of the persons to whom the securities were issued, and c details of the amounts issued to each person.

5 The officer may, for the purposes of section 1101, by notice require—

a any person to whom bearer securities were issued by the company, or b any person to or through whom bearer securities issued by the company were subsequently sold or transferred, to provide any further information that the officer reasonably requires with a view to enabling the officer to find out the names and addresses of the persons beneficially interested in the securities.

6 In this section— “ securities ” includes— shares, stocks, bonds, debentures and debenture stock, and any promissory note or other instrument evidencing indebtedness to a loan creditor of the company, and “ loan creditor ” has the meaning given by section 453.