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HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
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Distributions: non-qualifying distributions: action on receipt of return

An officer who receives form CT2 should check that:

  • the transaction gives rise to a non-qualifying distribution, and
  • the amount or value of the distribution is correctly shown (CTM20070).

Where a return is made but there is doubt whether the transaction gives rise to a non-qualifying distribution, enquiries should be made to establish whether a distribution arises. If so, the company should be asked to supply the names and addresses of the recipients and the amount or value of the distribution received by each of them. This information should be passed to the office dealing with the recipient’s tax affairs.