Section 931T Meaning of “payer”, “recipient” and “relevant person”F1

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—

  1. (a)

     the company that receives the distribution, or

  2. (b)

     any person connected with that company.