Section 931T | Meaning of “payer”, “recipient” and “relevant person”

In this Part—

“the payer”, in relation to a distribution, means the company that makes the distribution;

“the recipient”, in relation to a distribution, means the company that receives the distribution;

“a relevant person”, in relation to a distribution, means—

(a)the company that receives the distribution, or

(b)any person connected with that company.