C1Part 15Deduction of income tax at source
Chapter 13Unauthorised unit trusts
943DF1Annual statements
1
This section applies in relation to any tax year in which the trustees of an unauthorised unit trust are treated as making a deemed payment to a unit holder.
2
The trustees must, as soon as reasonably practicable after the end of the tax year, give the unit holder a statement (an “annual statement”).
3
The annual statement must include the following information in relation to each deemed payment treated as made by the trustees to the unit holder in the tax year—
a
the date on which the deemed payment was treated as made,
b
the gross amount of the deemed payment,
c
the foreign element (if any) of the deemed income represented by the deemed payment,
d
the deemed deduction made from the deemed payment, and
e
the foreign element (if any) of that deemed deduction.
4
The duties imposed by this section are enforceable by the unit holder.
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)