Finance Act 2007 · s 45

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45.
Statement to Director General
(1)	 Where—
(a)	 section 40 applies, the company shall—
(i)	 within 30 days from the date dividend is paid to its shareholders, furnish to the Director General a statement in the prescribed form containing such particulars as may be required for the purpose of ascertaining the 108 balance or revised 108
balance; and
(ii)	 notwithstanding subparagraph (i), within 7 months following the close of the accounting period which constitutes the basis period of the company for year of assessment 2008, 2009, 2010, 2011,
2012, 2013, or 2014 (if applicable) furnish to the
Director General a statement in the prescribed form containing particulars as may be required for the purpose of determining the 108 balance or revised 108 balance, or any excess under section 48 at the end of that basis period;

Act 683
(b)	 section 41 applies, the company shall within 30 days from 31 December 2007 furnish to the Director General a statement in the prescribed form containing such particulars as may be required for the purpose of ascertaining the 108 balance or any excess under section 48; or
(c)	 the company is not entitled to deduct tax on dividend paid during the period from 1 January 2008 to 31 December 2013, the company shall within seven months following the close of the accounting period which constitutes the basis period of the company for year of assessment 2008, 2009, 2010, 2011, 2012, 2013, or 2014 (if applicable) furnish to the Director General a statement in the prescribed form containing particulars of such dividend paid.
(2)	 The failure of the company to comply with subsection (1)
is an offence under subsection 120(1) of the principal Act.
(3)	 A statement under this section may be furnished to the
Director General in accordance with section 152a of the principal
Act.

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s 45Statement to Director General

(1)

Where—

(a)

section 40 applies, the company shall—

(i)

within 30 days from the date dividend is paid to its shareholders, furnish to the Director General a statement in the prescribed form containing such particulars as may be required for the purpose of ascertaining the 108 balance or revised 108

balance; and

(ii)

notwithstanding subparagraph (i), within 7 months following the close of the accounting period which constitutes the basis period of the company for year of assessment 2008, 2009, 2010, 2011,

2012, 2013, or 2014 (if applicable) furnish to the

Director General a statement in the prescribed form containing particulars as may be required for the purpose of determining the 108 balance or revised 108 balance, or any excess under section 48 at the end of that basis period;

(b)

section 41 applies, the company shall within 30 days from 31 December 2007 furnish to the Director General a statement in the prescribed form containing such particulars as may be required for the purpose of ascertaining the 108 balance or any excess under section 48; or

(c)

the company is not entitled to deduct tax on dividend paid during the period from 1 January 2008 to 31 December 2013, the company shall within seven months following the close of the accounting period which constitutes the basis period of the company for year of assessment 2008, 2009, 2010, 2011, 2012, 2013, or 2014 (if applicable) furnish to the Director General a statement in the prescribed form containing particulars of such dividend paid.

(2)

The failure of the company to comply with subsection (1)

is an offence under subsection 120(1) of the principal Act.

(3)

A statement under this section may be furnished to the

Director General in accordance with section 152a of the principal

Act.