Hearings
England & Wales
03 Mar 1978 [1978] 1 WLR 1457; [1978] 2 All ER 1067; 52 TC 345, Ch D
Noble v Laygate Investments Ltd
Subject Matter
REVENUE — Corporation tax — Close company — Shortfall assessments — Company's declared dividends falling short of required standard — Restriction on amount of dividend contained in articles of association — Whether restriction “imposed by law” — Income and Corporation Taxes Act 1970, ss 289 (1), 290 (4)