Corporation Tax Act 2010 section 1095

Exempt distributions: returns

Section 1095 requires a company that makes an exempt distribution to file a return with HMRC within a specified timeframe, detailing the distribution and the basis for its exemption.

• A company making an exempt distribution must file a return with an officer of Revenue and Customs.
• The return must include details of the distribution itself.
• The return must also explain the circumstances that qualify the distribution as exempt.
• The return must be submitted within 30 days after the distribution is made.