Corporation Tax Act 2010 section 1104

Company distributing dividend or interest: duty to provide tax certificates

Section 1104 requires companies that make distributions in the form of dividends or interest to provide a tax certificate to the recipient or their bank or building society within a reasonable time.

• This section applies to companies registered under the Companies Act 2006 or created by letters patent or by or under an Act, when they distribute dividends or interest.
• Where a dividend or interest payment is made into a bank or building society account, the company must send a tax certificate either to the bank or building society, or to the account holder, within a reasonable period.
• Where a dividend or interest payment is made directly to a person without going through a bank or building society account, the company must send the tax certificate to that person within a reasonable period.
• The term "tax certificate" is defined in section 1106 of the Corporation Tax Act 2010.