HC Deb 21 December 1973 vol 866 c463W
Mr. Joel Barnett

asked the Chancellor of the Exchequer what arrangements have been made by the Inland Revenue in relation to the dividend policy of close companies in the light of the prices and incomes legislation.

Mr. Nott

No special arrangements are necessary or have been made. Dividends paid by close companies do not come within the scope of the Counter-Inflation (Dividends) Order 1973, as amended, in so far as they are paid in order that there should not be a short-fall in the company's distributions or an excess of relevant income over distributions.