Part 23Company distributions

Chapter 6Information and returns: further provisions

Companies and nominees required to provide tax certificates

1105Duties of nominees

1

This section applies if—

a

a tax certificate is received by a person under section 1104(2)(b) or (3), and

b

the sum concerned (or part of it)—

i

is paid to that person as nominee for another person, or

ii

is paid into the account of that person as nominee for another person.

2

If the nominee pays the sum (or the part concerned) into a bank or building society account held by the other person the nominee must, within a reasonable period, send a tax certificate to either—

a

the bank or building society, or

b

the other person.

3

If the nominee pays the sum (or the part concerned) to the other person without paying it into a bank or building society account held by that person, the nominee must, within a reasonable period, send a tax certificate to that person.