Unlawful, illegal or ultra vires dividends
Is there a tax charge on an unlawful/illegal or ultra vires dividend?
Unlawful means illegal or ultra vires. A typical example is where a dividend is not paid out of distributable reserves.
Is there a tax charge on an unlawful/illegal or ultra vires dividend?
Unlawful means illegal or ultra vires. A typical example is where a dividend is not paid out of distributable reserves.