21.—(1) If an amount is distributed as an interest distribution, section 234A of ICTA (information relating to distributions: further provisions)(1) shall apply to the company making the interest distribution as if the amount distributed were a payment of interest.
(2) In the case of an investment trust or prospective investment trust, an appropriate statement for the purposes of section 234A of ICTA includes a written statement—
(a)showing—
(i)the gross amount of the distribution made to the recipient,
(ii)the number and class of shares held by the recipient in respect of which the distribution is made,
(iii)the net amount of the distribution per share,
(iv)whether any tax has been deducted from the distribution,
(v)the date the distribution was made,
(vi)the percentage of the gross distribution attributable to the amount treated as an interest distribution and the percentage attributable to dividend;
(b)providing details to allow the recipient to access an electronic means of calculating the amounts that would be shown in a written statement that would apart, from this paragraph, be provided in accordance with subsection (6) or (7) of section 234A; and
(c)providing the recipient with an alternative method of obtaining the details of those amounts without recourse to electronic means.
Section 234A was inserted by section 32(4) of the Finance (No. 2) Act 1992 (c. 48) and amended by paragraphs 2 and 7 of Schedule 37 to the Finance Act 1996 (c. 8).