- Latest available (Revised)
- Original (As enacted)
Corporation Tax Act 2010, Cross Heading: General duties to provide information is up to date with all changes known to be in force on or before 18 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
(1)If a company makes a [F2distribution to which this section applies], the recipient is entitled to ask the company to provide a statement in writing showing—
(a)the amount or value of the distribution, F3...
F3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)The request must be in writing.
(4)The company which makes the distribution has a duty to comply with a request under subsection (1), and that duty is enforceable by the recipient.
[F5(4A)This section applies to any distribution other than one which is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph C or D in section 1000(1) (redeemable share capital or security issued as bonus in respect of shares in, or securities of, the company).]
F6(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)This section does not affect the operation of section 1104 (duty to provide tax certificates).
[F7(7)This section [F8, and sections 1101 to 1103, need] to be read with section 396A(2) of ITTOIA 2005 (which treats certain receipts [F9as distributions to which this section applies] ).]
Textual Amendments
F1Word in s. 1100 heading substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 39(6)
F2Words in s. 1100(1) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 39(2)(a)
F3S. 1100(1)(b) and word omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 39(2)(b)
F4S. 1100(2) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 39(4)
F5S. 1100(4A) inserted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 39(3)
F6S. 1100(5) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 39(4)
F7S. 1100(7) inserted (26.3.2015) by Finance Act 2015 (c. 11), s. 19(9)
F8Words in s. 1100(7) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 39(5)(a)
F9Words in s. 1100(7) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 39(5)(b)
(1)If a company makes a distribution [F11to 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 [F12to 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.
Textual Amendments
F10Word in s. 1101 heading substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 40(4)
F11Words in s. 1101(1) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 40(2)
F12Words in s. 1101(4) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 40(3)
(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.
F14(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.
Textual Amendments
F13Word in s. 1102 heading substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 40(4)
F14S. 1102(2) omitted (with effect in accordance with Sch. 23 para. 65 of the amending Act) by virtue of Finance Act 2011 (c. 11), Sch. 23 paras. 64(2)(f), 65(1)(a) (with Sch. 23 paras. 50, 65(1)(b))
(1)The Commissioners for Her Majesty's Revenue and Customs may by regulations modify, supplement or replace any of the provisions of sections 1101 and 1102 for the purpose stated in subsection (2).
(2)That is the purpose of requiring UK resident companies to—
(a)make returns, and
(b)give information,
to an officer of Revenue and Customs in respect of distributions made by the companies [F15to which section 1100 does not apply] .
(3)References in this Act and in any other enactment to sections 1101 and 1102 are to be read as including a reference to any regulations made under this section.
(4)Regulations under this section may authorise the Commissioners to make special arrangements as regards the [F16matter] specified in subsection (5) if in their opinion there are circumstances justifying it.
(5)[F17That matter is] —
(a)the repayment of income tax borne by a company, F18...
F18(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)Regulations under this section may—
(a)make different provision for different descriptions of companies and for different circumstances, and
(b)contain incidental, supplemental, consequential and transitional provision and savings.
(7)No regulations may be made under this section unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of the House of Commons.
Textual Amendments
F15Words in s. 1103(2) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 41(a)
F16Word in s. 1103(4) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 41(b)
F17Words in s. 1103(5) substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 41(c)(i)
F18S. 1103(5)(b) and word omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 41(c)(ii)
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: