C1Part 23Company distributions
Chapter 6Information and returns: further provisions
General duties to provide information
1102F2Other distributions etc: additional information
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.
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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—
- a
shares, stocks, bonds, debentures and debenture stock, and
- b
any promissory note or other instrument evidencing indebtedness to a loan creditor of the company, and
- a
“loan creditor” has the meaning given by section 453.
Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)