Part 23Company distributions

Chapter 6Information and returns: further provisions

General duties to provide information

1100F1Certain distributions: right to request a statement

(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)

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F4(2)

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(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)

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(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 ).