# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 70: Application of section 234A of ICTA


(1) Section 234A of ICTA (information relating to distributions) applies in relation to an authorised investment fund with any necessary modifications.
(2) In the appropriate statement sent under that section to a participant within the charge to corporation tax, the legal owner of the authorised investment fund must include a statement showing the legal owner’s net liability to corporation tax in respect of the gross income.
(3) In paragraph (2)—
“gross income” has the same meaning as in regulation 50, and
“net liability to corporation tax” is to be construed in accordance with regulation 49(3).

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/70 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.