Part 23Company distributions

Chapter 6Information and returns: further provisions

Companies and nominees required to provide tax certificates

1106Meaning of “tax certificate” etc

1

This section gives the meaning of “bank”, “send” and “tax certificate” in sections 1104 and 1105.

2

Bank” has the meaning given by section 1120.

3

Send” means send by post.

4

Tax certificate”, in relation to a payment of dividend or interest, means a written statement showing—

a

the amount of the dividend or interest paid,

b

the date of the payment, and

c

the amount of the tax credit (under section 1109(2) below or section 397(1) of ITTOIA 2005) to which an eligible person would be entitled in respect of the dividend or interest.

5

In subsection (4)(c) “eligible person” means a person who is entitled to a tax credit in respect of the dividend or interest.

6

But for the purposes of subsection (4)(c) it does not matter whether or not any person is in fact entitled to a tax credit in respect of the dividend or interest.