[F1931TMeaning of “payer”, “recipient” and “relevant person”U.K.
This section has no associated Explanatory Notes
In this Part—
“the payer”, in relation to a distribution, means the company that makes the distribution;
“the recipient”, in relation to a distribution, means the company that receives the distribution;
“a relevant person”, in relation to a distribution, means—
(a)the company that receives the distribution, or
(b)any person connected with that company.]
Textual Amendments
F1Pt. 9A inserted (with effect in accordance with Sch. 14 para. 31 of the amending Act) by Finance Act 2009 (c. 10), Sch. 14 para. 1 (with Sch. 14 para. 32)