Section 18K — Corporation Tax Act 2010: Power to obtain information

Power to obtain information 18K 1 This section applies if a company (“the issuing company”) appears to an officer of Revenue and Customs to be a close company.

2 The officer may, for the purposes of this Part, 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.

3 The officer may, for the purposes of this Part, 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.

4 In this section— “ loan creditor ” has the meaning given by section 453, and “ 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.