# Income and Corporation Taxes Act 1988, Paragraph 34


The trust instrument must impose an obligation on the trustees—
(a) to maintain such records as may be necessary to enable the trustees to carry out their obligations under paragraph 7 of Schedule 10; and
(b) where the participant becomes liable to income tax under Schedule E by reason of the occurrence of any event, to inform him of any facts relevant to determining that liability.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/34 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-9/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.