CTM15970 | Distributions: non-qualifying distributions: information required

Examination of the company’s accounts may indicate whether it has made a non-qualifying distribution which it has not included in a return.

If the company or its agent fails to supply any necessary information requested by HMRC within a reasonable period, it may formally be required to supply the necessary information in accordance with CTA10/S1101 (6) according to a specified timetable which will normally be within 30 days.

An officer should require no more information in the formal notice than is necessary to establish:

• whether or not the company has made a non-qualifying distribution, and

• if it has made such a distribution, the names and addresses of the persons receiving it and the amount or value received by each.