34U.K.M1The trust instrument must impose an obligation on the trustees—
(a)to maintain such records as may be necessary to enable the trustees to carry out their obligations under paragraph 7 of Schedule 10; and
(b)where the participant becomes liable to income tax under Schedule E by reason of the occurrence of any event, to inform him of any facts relevant to determining that liability.
Marginal Citations
M1Source—1978 Sch.9 15