Commentary

D5.170 Returns required in respect of distributions

Corporate tax
Corporate tax | Commentary

D5.170 Returns required in respect of distributions

Corporate tax | Commentary

Administration of distributions

D5.170 Returns required in respect of distributions

A company is required to make a return:

  1.  

    •     under ITA 2007, ss 945–962, Pt 15 Ch 15 of payments made under deduction of income tax for payments specified under ITA 2007, s 946 (such as yearly interest, patent rights and annuities, see A4.465). In practice this requirement is satisfied by the completion of forms CT61 (see A4.466)

  2.  

    •     under CTA 2010, s 1101(4) in respect of certain distributions; see below. This is also done on form CT61 (see A4.466). HMRC have power to make regulations to modify, supplement or replace the provisions regarding these returns1

  3.  

    •     under CTA 2010, ss 1095,1096 in respect of exempt distributions and chargeable payments in connection with a demerger, see D6.424

  4.  

    •     under CTA 2010, s 1052 in respect of stock dividends, see below

  5.  

    •     under CTA 2010, s 1046(1), (2) in respect of purchases of its own shares by an unquoted trading company, see D6.605

Returns of CD distributions

A company which makes a CD distribution (D5.116) on or after 6 April 2016 (or a non-qualifying distribution (D5.103) before 6 April 2016) is required to make a return giving particulars of the transaction concerned and the

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