UK: ICAEW technical releases - profits, losses and distributions under the Companies Act 2006

Towards the end of 2008, the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland issued a couple of technical releases: Technical release 07/08 provides draft guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006 and is an updated version of Technical Release 01/08. The differences between Technical Releases 07/08 and 01/08 are highlighted in Technical release 08/08.