Distribution of profits by companies

Capture
Attached is an exposure draft of updated guidance on realised and attributable profits under the UK Companies Act 2006 issued by the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland in March 2016. Without being able to categorically give an “all-clear”, the treatment of issues in the attached document should broadly be the same for the Irish Companies Act 2014.

Due to the complex nature of this area of accounting/company law, most accounting textbooks only deal with the issue at relatively high level. I’m not advising that anyone go through the attached as a form of light reading but I do think it could serve as a handy reference document:

ICAEW Draft Tech Release

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s