The Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants in Scotland have issued new guidance on distributable profits. TECH 02/10 is based on the existing guidance originally issued as TECH 01/09 in June 2009 but includes significant additional material on which the Institutes consulted in December 2009 (TECH 03/09), including new guidance on linked transactions and cash box structures.

The guidance is available here.