Guidance
Modernisation of the UK’s Distributions Framework
This document is a policy explainer for the package of reforms to the rules for distributions from companies to individual (non-corporate) shareholders, which was announced at Budget 2026.
Documents
Details
This policy explainer sets out the changes the government is making to the taxation of distributions. It includes what is changing, who may be affected and next steps regarding further stakeholder engagement and technical consultation in 2027, ahead of implementation April 2028.