Macfarlanes corporate tax eUpdate
26 February 2010
Clarity on the tax treatment of dividends?

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MACFARLANES

CLARITY ON THE TAX TREATMENT OF DIVIDENDS?

26 FEBRUARY 2010

Ministerial Statement on Corporation Tax Treatment
of Distributions

 

The Financial Secretary to the Treasury, Stephen Timms, issued a Written Ministerial Statement on 24 February 2010 about the corporation tax treatment of distributions.  The Statement is designed to remove some of the uncertainty produced by the stance taken over recent months by HMRC on distributions paid otherwise than out of normal commercial profit.

 

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Ashley Greenbank, Partner

T: +44 (0)20 7849 2512 
ashley.greenbank@macfarlanes.com

Macfarlanes LLP 20 Cursitor Street London EC4A 1LT
T +44 (0)20 7831 9222 F +44 (0)20 7831 9607 DX 138 Chancery Lane
www.macfarlanes.com

 
This eUpdate is intended to provide general information about some recent and anticipated developments which may be of interest. It is not intended to be comprehensive nor to provide any specific legal advice and should not be acted or relied upon as doing so. Professional advice appropriate to the specific situation should always be obtained.

Macfarlanes LLP is a limited liability partnership registered in England with number OC334406. Its registered office and principal place of business are at 20 Cursitor Street, London EC4A 1LT. The firm is not authorised under the Financial Services and Markets Act 2000, but is able in certain circumstances to offer a limited range of investment services to clients because it is regulated by the Solicitors Regulation Authority. It can provide these investment services if they are an incidental part of the professional services it has been engaged to provide.

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