Comment deadline for ICAEW and ICAS exposure draft of updated guidance on realised and distributable profits under the Companies Act 2006
The Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of Scotland (ICAS) have jointly issued an exposure draft of revised guidance to assist companies in determining whether profits made are realised and can be paid out as dividends. Comments are requested by 9 June 2016.