PART 5COMPLIANCE
Information relating to distributions
Application of section 234A of ICTA70
1
Section 234A of ICTA36 (information relating to distributions) applies in relation to an authorised investment fund with any necessary modifications.
2
In the appropriate statement sent under that section to a participant within the charge to corporation tax, the legal owner of the authorised investment fund must include a statement showing the legal owner’s net liability to corporation tax in respect of the gross income.
3
In paragraph (2)—
“gross income” has the same meaning as in regulation 50, and
“net liability to corporation tax” is to be construed in accordance with regulation 49(3).