Corporation Tax Act 2010 section 1103

Power to modify or replace sections 1101 and 1102

Section 1103 gives HMRC the power to make regulations that change, add to, or replace the reporting requirements in sections 1101 and 1102 relating to non-qualifying distributions.

• HMRC may make regulations modifying, supplementing, or replacing sections 1101 and 1102 to require UK resident companies to make returns and provide information about distributions not covered by section 1100
• References to sections 1101 and 1102 anywhere in legislation automatically include any regulations made under this power
• Regulations may authorise HMRC to make special arrangements for the repayment of income tax borne by a company where circumstances justify it, and may make different provision for different types of companies and circumstances
• Any regulations under this section require prior approval by the House of Commons through the affirmative resolution procedure before they can take effect