Irish Revenue has issued eBrief No. 083/20 on an extension for companies to make a distribution in relation to the close company surcharge. The surcharge is an additional charge of corporation tax on close companies at the rate of 20% of the excess of the aggregate of the distributable investment income and the distributable estate income over the distributions made for an accounting period. It is meant to discourage the practice of allowing passive non-trading profits of close companies to a…