Company distributions: Overview of consultation document

Company distributions: Consultation document

On 9 December 2015, HMRC published a consultation document on company distributions. Draft legislation published alongside the document and to be included in Finance Act 2016 toughens up the Transactions in Securities rules applicable to individuals and introduces a new Targeted Anti-Avoidance Rule (“TAAR”) for liquidation distributions.


Also on

M&A Matters: Company distributions: Overview of consultation document

The draft provisions had a 6 April 2016 commencement date to coincide with the introduction of the new dividend taxation regime for individuals, which sees the highest rate of tax on dividends rise to 38.1% compared with a highest rate of tax on capital gains of 28%.

Read the full article in the M&A Matters Spring edition PDF to hear more on the consultation including transactions in securities and new TAAR.

For more information, please contact: 

Iain Kerr              

Director, KPMG in the UK 

M&A Matters

This new format of M&A Matters incorporates the usual tax updates with a broader review of M&A insights.

Read more

M&A Tax Matters Archive

M&A Tax Matters focuses on topical issues impacting transactions. Read the latest edition

Read more

Connect with us


Request for proposal



KPMG’s new-look website

KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.