Taxes Consolidation Act 1997 Schedule 2A paragraph 11

Declaration to be made by exempt unit trust

Schedule 2A paragraph 11 sets out the declaration that an exempt unit trust must provide to a company paying a relevant distribution, in order for that distribution to be paid without deduction of dividend withholding tax (DWT).

• An exempt unit trust that wishes to receive a relevant distribution without deduction of DWT must provide a written declaration to the company making the payment.
• The declaration must be made and signed by the person beneficially entitled to the distribution, using a Revenue-prescribed form, and must confirm that the recipient qualifies as an exempt unit trust.
• The declaration must include the trust's name, tax reference number, and a statement that the distribution will be applied as income of an exempt unit trust to which section 731(5)(a) applies.
• The declarer must undertake to notify the paying company in writing if the unit trust ceases to qualify as an excluded person, and must include any other information reasonably required by Revenue.