BP » Topics » Backup Withholding and Information Reporting

These excerpts taken from the BP 424B5 filed Aug 7, 2009.

Backup Withholding and Information Reporting

 

Please see the discussion under “Tax Considerations—United States Taxation—Backup Withholding and Information Reporting” in the accompanying prospectus for a description of the applicability of the backup withholding and information reporting rules to payments made on your notes.

 

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Table of Contents

Backup Withholding and Information Reporting

FACE="Times New Roman" SIZE="2">United States Holders

If you are a noncorporate United States holder, information reporting
requirements, on Internal Revenue Service Form 1099, generally will apply to payments of principal and interest on a debt security within the United States, including payments made by wire transfer from outside the United States to an account you
maintain in the United States, and the payment of the proceeds from the sale of a debt security effected at a United States office of a broker.

SIZE="2">Additionally, backup withholding will apply to such payments if you are a noncorporate United States holder that:

 







  

fails to provide an accurate taxpayer identification number,

 







  

is notified by the Internal Revenue Service that you have failed to report all interest and dividends required to be shown on your federal income tax returns, or

 







  

in certain circumstances, fails to comply with applicable certification requirements.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">United States Alien Holders

SIZE="2">If you are a United States alien holder, you are generally exempt from backup withholding and information reporting requirements with respect to:

 







  

payments of principal and interest made to you outside the United States by BP Capital Markets p.l.c. and,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

other payments of principal and interest, and the payment of the proceeds from the sale of a debt security effected at a United States office of a broker, as long
as the income associated with such payments is otherwise exempt from United States federal income tax, and:

 







  

the payor or broker does not have actual knowledge or reason to know that you are a United States person and you have furnished to the payor or broker:

 







  

an Internal Revenue Service Form W-8BEN or an acceptable substitute form upon which you certify, under penalties of perjury, that you are a non-United States
person, or

 







  

other documentation upon which it may rely to treat the payments as made to a non-United States person in accordance with U.S. Treasury regulations, or

 







  

you otherwise establish an exemption.

 


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In general, payment of the proceeds from the sale of debt securities effected at a foreign office of a
broker will not be subject to information reporting or backup withholding. However, a sale effected at a foreign office of a broker will be subject to information reporting and backup withholding if:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the proceeds are transferred to an account maintained by you in the United States,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the payment of proceeds or the confirmation of the sale is mailed to you at a United States address, or

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the sale has some other specified connection with the United States as provided in U.S. Treasury regulations,

STYLE="margin-top:6px;margin-bottom:0px">unless the broker does not have actual knowledge or reason to know that you are a United States person and the documentation requirements described above (relating to a
sale of debt securities effected at a United States office of a broker) are met or you otherwise establish an exemption.

In addition,
payment of the proceeds from the sale of debt securities effected at a foreign office of a broker will be subject to information reporting if the broker is:

 







  

a United States person,

 







  

a controlled foreign corporation for United States tax purposes,

 







  

a foreign person 50% or more of whose gross income is effectively connected with the conduct of a United States trade or business for a specified three-year period,
or

 







  

a foreign partnership, if at any time during its tax year:

 







  

one or more of its partners are “U.S. persons”, as defined in U.S. Treasury regulations, who in the aggregate hold more than 50% of the income or capital
interest in the partnership, or

 







  

such foreign partnership is engaged in the conduct of a United States trade or business,

STYLE="margin-top:6px;margin-bottom:0px">unless the broker does not have actual knowledge or reason to know that you are a United States person and the documentation requirements described above (relating to a
sale of debt securities effected at a United States office of a broker) are met or you otherwise establish an exemption. Backup withholding will apply if the sale is subject to information reporting and the broker has actual knowledge that you are a
United States person.

These excerpts taken from the BP 424B5 filed May 5, 2009.

Backup Withholding and Information Reporting

 

Please see the discussion under “Tax Considerations—United States Taxation—Backup Withholding and Information Reporting” in the accompanying prospectus for a description of the applicability of the backup withholding and information reporting rules to payments made on your notes.

 

S-9


Table of Contents

Backup Withholding and Information Reporting

FACE="Times New Roman" SIZE="2">United States Holders

If you are a noncorporate United States holder, information reporting
requirements, on Internal Revenue Service Form 1099, generally will apply to payments of principal and interest on a debt security within the United States, including payments made by wire transfer from outside the United States to an account you
maintain in the United States, and the payment of the proceeds from the sale of a debt security effected at a United States office of a broker.

SIZE="2">Additionally, backup withholding will apply to such payments if you are a noncorporate United States holder that:

 







  

fails to provide an accurate taxpayer identification number,

 







  

is notified by the Internal Revenue Service that you have failed to report all interest and dividends required to be shown on your federal income tax returns, or

 







  

in certain circumstances, fails to comply with applicable certification requirements.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">United States Alien Holders

SIZE="2">If you are a United States alien holder, you are generally exempt from backup withholding and information reporting requirements with respect to:

 







  

payments of principal and interest made to you outside the United States by BP Capital Markets p.l.c. and,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

other payments of principal and interest, and the payment of the proceeds from the sale of a debt security effected at a United States office of a broker, as long
as the income associated with such payments is otherwise exempt from United States federal income tax, and:

 







  

the payor or broker does not have actual knowledge or reason to know that you are a United States person and you have furnished to the payor or broker:

 







  

an Internal Revenue Service Form W-8BEN or an acceptable substitute form upon which you certify, under penalties of perjury, that you are a non-United States
person, or

 







  

other documentation upon which it may rely to treat the payments as made to a non-United States person in accordance with U.S. Treasury regulations, or

 







  

you otherwise establish an exemption.

 


37







Table of Contents


In general, payment of the proceeds from the sale of debt securities effected at a foreign office of a
broker will not be subject to information reporting or backup withholding. However, a sale effected at a foreign office of a broker will be subject to information reporting and backup withholding if:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the proceeds are transferred to an account maintained by you in the United States,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the payment of proceeds or the confirmation of the sale is mailed to you at a United States address, or

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the sale has some other specified connection with the United States as provided in U.S. Treasury regulations,

STYLE="margin-top:6px;margin-bottom:0px">unless the broker does not have actual knowledge or reason to know that you are a United States person and the documentation requirements described above (relating to a
sale of debt securities effected at a United States office of a broker) are met or you otherwise establish an exemption.

In addition,
payment of the proceeds from the sale of debt securities effected at a foreign office of a broker will be subject to information reporting if the broker is:

 







  

a United States person,

 







  

a controlled foreign corporation for United States tax purposes,

 







  

a foreign person 50% or more of whose gross income is effectively connected with the conduct of a United States trade or business for a specified three-year period,
or

 







  

a foreign partnership, if at any time during its tax year:

 







  

one or more of its partners are “U.S. persons”, as defined in U.S. Treasury regulations, who in the aggregate hold more than 50% of the income or capital
interest in the partnership, or

 







  

such foreign partnership is engaged in the conduct of a United States trade or business,

STYLE="margin-top:6px;margin-bottom:0px">unless the broker does not have actual knowledge or reason to know that you are a United States person and the documentation requirements described above (relating to a
sale of debt securities effected at a United States office of a broker) are met or you otherwise establish an exemption. Backup withholding will apply if the sale is subject to information reporting and the broker has actual knowledge that you are a
United States person.

This excerpt taken from the BP F-3ASR filed Mar 13, 2009.

Backup Withholding and Information Reporting

FACE="Times New Roman" SIZE="2">United States Holders

If you are a noncorporate United States holder, information reporting
requirements, on Internal Revenue Service Form 1099, generally will apply to payments of principal and interest on a debt security within the United States, including payments made by wire transfer from outside the United States to an account you
maintain in the United States, and the payment of the proceeds from the sale of a debt security effected at a United States office of a broker.

SIZE="2">Additionally, backup withholding will apply to such payments if you are a noncorporate United States holder that:

 







  

fails to provide an accurate taxpayer identification number,

 







  

is notified by the Internal Revenue Service that you have failed to report all interest and dividends required to be shown on your federal income tax returns, or

 







  

in certain circumstances, fails to comply with applicable certification requirements.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">United States Alien Holders

SIZE="2">If you are a United States alien holder, you are generally exempt from backup withholding and information reporting requirements with respect to:

 







  

payments of principal and interest made to you outside the United States by BP Capital Markets p.l.c. and,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

other payments of principal and interest, and the payment of the proceeds from the sale of a debt security effected at a United States office of a broker, as long
as the income associated with such payments is otherwise exempt from United States federal income tax, and:

 







  

the payor or broker does not have actual knowledge or reason to know that you are a United States person and you have furnished to the payor or broker:

 







  

an Internal Revenue Service Form W-8BEN or an acceptable substitute form upon which you certify, under penalties of perjury, that you are a non-United States
person, or

 







  

other documentation upon which it may rely to treat the payments as made to a non-United States person in accordance with U.S. Treasury regulations, or

 







  

you otherwise establish an exemption.

 


37







Table of Contents


In general, payment of the proceeds from the sale of debt securities effected at a foreign office of a
broker will not be subject to information reporting or backup withholding. However, a sale effected at a foreign office of a broker will be subject to information reporting and backup withholding if:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the proceeds are transferred to an account maintained by you in the United States,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the payment of proceeds or the confirmation of the sale is mailed to you at a United States address, or

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the sale has some other specified connection with the United States as provided in U.S. Treasury regulations,

STYLE="margin-top:6px;margin-bottom:0px">unless the broker does not have actual knowledge or reason to know that you are a United States person and the documentation requirements described above (relating to a
sale of debt securities effected at a United States office of a broker) are met or you otherwise establish an exemption.

In addition,
payment of the proceeds from the sale of debt securities effected at a foreign office of a broker will be subject to information reporting if the broker is:

 







  

a United States person,

 







  

a controlled foreign corporation for United States tax purposes,

 







  

a foreign person 50% or more of whose gross income is effectively connected with the conduct of a United States trade or business for a specified three-year period,
or

 







  

a foreign partnership, if at any time during its tax year:

 







  

one or more of its partners are “U.S. persons”, as defined in U.S. Treasury regulations, who in the aggregate hold more than 50% of the income or capital
interest in the partnership, or

 







  

such foreign partnership is engaged in the conduct of a United States trade or business,

STYLE="margin-top:6px;margin-bottom:0px">unless the broker does not have actual knowledge or reason to know that you are a United States person and the documentation requirements described above (relating to a
sale of debt securities effected at a United States office of a broker) are met or you otherwise establish an exemption. Backup withholding will apply if the sale is subject to information reporting and the broker has actual knowledge that you are a
United States person.

This excerpt taken from the BP 424B5 filed Mar 13, 2009.

Backup Withholding and Information Reporting

 

Please see the discussion under “Tax Considerations—United States Taxation—Backup Withholding and Information Reporting (BP Capital U.K and BP Canada)” in the accompanying prospectus for a description of the applicability of the backup withholding and information reporting rules to payments made on your notes.

 

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Table of Contents
This excerpt taken from the BP 424B5 filed Mar 6, 2009.

Backup Withholding and Information Reporting

 

Please see the discussion under “Tax Considerations—United States Taxation—Backup Withholding and Information Reporting (BP Capital U.K. and BP Canada)” in the accompanying prospectus for a description of the applicability of the backup withholding and information reporting rules to payments made on your notes.

 

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This excerpt taken from the BP 424B5 filed Nov 5, 2008.

Backup Withholding and Information Reporting

 

Please see the discussion under “Tax Considerations—United States Taxation—Backup Withholding and Information Reporting (BP Capital U.K. and BP Canada)” in the accompanying prospectus for a description of the applicability of the backup withholding and information reporting rules to payments made on your notes.

 

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Table of Contents
This excerpt taken from the BP 424B5 filed Mar 13, 2008.

Backup Withholding and Information Reporting

 

Please see the discussion under “Tax Considerations—United States Taxation—Backup Withholding and Information Reporting (BP Capital U.K and BP Canada)” in the accompanying prospectus for a description of the applicability of the backup withholding and information reporting rules to payments made on your notes.

 

 

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