Corporation Tax Act 2010 section 1097

Information about person for whom a payment is received

Section 1097 gives HMRC the power to require information from intermediaries who receive taxable payments on behalf of others, and from the persons on whose behalf those payments are received.

• Where a person receives a chargeable payment on behalf of someone else, HMRC can require that intermediary to provide information about the person for whom the payment was received.
• HMRC can also direct the requirement to the person on whose behalf the payment was received, asking them to identify themselves and provide relevant details.
• This ensures that HMRC can trace the true beneficial recipient of a taxable payment, even when it is channelled through an agent or other intermediary.
• The provision supports HMRC's ability to collect the correct amount of corporation tax by ensuring transparency around the ultimate recipients of chargeable payments.