Textual Amendments
F1Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5
69Z29.—(1) This regulation applies if—
(a)an open-ended investment company to which this Part applies makes a distribution in an accounting period of the company, and
(b)the distribution includes sums attributed to property income distributions or to PAIF distributions (interest) (or to both) (referred to in this Chapter as a “relevant distribution”).
(2) The company must deliver a return to an officer of Revenue and Customs for each return period—
(a)which falls within the accounting period, and
(b)in which the company makes a relevant distribution.
(3) The return periods are—
(a)the quarters ending on 31st March, 30th June, 30th September and 31st December (the “quarter days”); and
(b)any shorter period which—
(i)starts on the first day of an accounting period and ends with the first or only quarter day in that accounting period;
(ii)begins immediately after the last or only quarter day in that accounting period and ends on the last day of that accounting period; or
(iii)is an accounting period which starts and ends within a quarter.
(4) The company must deliver the return during a period of 14 days beginning with the day immediately following the end of the return period.
(5) The return must show the amount of—
(a)any relevant distributions made by the company in the return period, and
(b)the tax (if any) payable by the company in respect of those payments.
(6) The company must deliver, with the return for the return period which ends on the last day of an accounting period, a reconciliation statement showing, in relation to any distribution made during the accounting period, the amounts (if any) which are attributable to each of paragraphs (a) to (c) of regulation 69Z14 (attribution of distributions).]