Article
Goodbye To TECH 02/17BL: A New Solvency Based Regime For Dividends?
The UK government has proposed a fundamental shift from complex distributable profits calculations to a streamlined solvency-based regime for determining dividend legality. This consultation explores how companies would simply need to demonstrate that dividend payments won't affect their ability to continue as a going concern, potentially replacing decades of intricate accounting guidance with a more practical approach.
Burges Salmon