529D Identification of, and issue of documents to, specified persons

Summary

Qualifying companies will issue a certificate of deduction to specified person upon making a relevant payment from which tax has been withheld.

Detail

(1) This section sets out that a specified person shall furnish to a qualifying company certain particulars regarding their residence, address and tax reference.

(2) The qualifying company on making a relevant payment shall give a certificate of deduction to the specified person, which will show:

• The name, address and tax reference of the specified person.
• The amount and date of the payment and the tax deducted from the payment.

Relevant Date: Finance Act 2019