# The Investment Trust (Approved Company) (Tax) Regulations 2011, Regulation 22: The income distribution requirement: exceptions

Extent: E+W+S+N.I.

(1) Regulations 19 and 21 do not apply in relation to an accounting period if the amount that the investment trust would be required to distribute in accordance with those regulations, taken together, would be less than £30,000.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) If the accounting period mentioned in paragraph (1) is shorter than 12 months, the amount of £30,000 mentioned in that paragraph is proportionately reduced.

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Source: https://www.legislation.gov.uk/uksi/2011/2999/regulation/22 (the official version)
Page: https://openlegislation.uk/investment-trust-approved-company-tax-regulations-2011/regulation-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.