Corporation Tax Act 2010 section 1100

Certain distributions: right to request a statement

Section 1100 gives recipients of most company distributions the right to request a written statement from the distributing company showing the amount or value of the distribution.

• A recipient of a qualifying distribution can require the distributing company to provide a written statement showing the amount or value of that distribution.
• The request must be made in writing, and the company is legally obliged to comply — the recipient can enforce this duty.
• The right applies to all distributions except those that only qualify as distributions because they involve redeemable share capital or securities issued as a bonus in respect of shares or securities of the company (paragraphs C and D of section 1000(1)).
• This right operates alongside, and does not affect, the separate duty under section 1104 to provide tax certificates.