F&GP Meeting November 2017

Contents

Paragraphs

Introduction

1-7

Key points

8-13

Accounting for the consequences

14-20

Overview of tax considerations

21-26

Practical remediation steps open to a charity and the company in relation to past payments

27-31

Steps in relation to future payments

32-34

Appendix

Appendix B

Legal context

B1-B5

Scope and illustrative facts

B6-B7

The question of distribution

B8-B20

Consequences of past unlawful distributions

B21-B26