Part 23Company distributions

Chapter 6Information and returns: further provisions

General duties to provide information

1100Qualifying distributions: right to request a statement

1

If a company makes a qualifying distribution, the recipient is entitled to ask the company to provide a statement in writing showing—

a

the amount or value of the distribution, and

b

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 distribution.

2

For the purposes of subsection (1)(b) it does not matter whether or not the recipient is in fact an eligible person.

3

The request must be in writing.

4

The company which makes the distribution has a duty to comply with a request under subsection (1), and that duty is enforceable by the recipient.

5

In this section “eligible person” means a person who is entitled to a tax credit in respect of the dividend.

6

This section does not affect the operation of section 1104 (duty to provide tax certificates).