Corporation Tax Act 2010 section 1105

Duties of nominees

Section 1105 sets out the obligations of nominees who receive company distributions and their associated tax certificates on behalf of another person, ensuring the ultimate recipient or their bank receives the relevant tax documentation.

• The section applies where a nominee receives a tax certificate under section 1104 in respect of a sum paid to them on behalf of another person.
• If the nominee pays the sum into a bank or building society account held by the other person, the nominee must send a tax certificate to either the bank or building society, or to the other person, within a reasonable period.
• If the nominee pays the sum directly to the other person without using a bank or building society account, the nominee must send a tax certificate to that person within a reasonable period.
• The duty applies whether the whole sum or only part of it is received and passed on by the nominee on behalf of the other person.