HC Deb 10 July 1974 vol 876 c489W
Mr. Trotter

asked the Chancellor of the Exchequer if he will make a further statement on the obligations regarding dividend payment by close companies with profits below £15,000 a year, following the Financial Secretary's remarks on 21st May.—[HANSARD, c. 291.]

Dr. Gilbert

These companies are subject to the apportionment rules contained in Schedule 16 to the Finance Act 1972 which apply to close companies generally. My right hon. Friend has no proposals in mind for any change.