PART II RETURNS OF INCOME AND GAINS

Income tax

8A Trustee’s return.

1

For the purpose of assessing a trustee of a settlement, and the settlors and beneficiaries, to income tax an inspector may by a notice given to the trustee require the trustee—

a

to make and deliver to the inspector within the time limited by the notice a return containing such information as may be required in pursuance of the notice, and

b

to deliver with the return such accounts and statements, relating to information contained in the return, as may be required in pursuance of the notice;

and a notice may be given to any one trustee or separate notices may be given to each trustee or to such trustees as the inspector thinks fit.

2

Every return under this section shall include a declaration by the person making the return to the effect that the return is to the best of his knowledge correct and complete.

3

A notice under this section may require different information, accounts and statements for different periods or in relation to different descriptions of source of income.

4

Notices under this section may require different information, accounts and statements in relation to different descriptions of settlement.