How does TaxCalc import dividend income from Accounts Production onto the Corporation tax return (CT600)?

The treatment of dividend income received and where this information should be declared on the corporation tax return will depend on whether certain criteria is met (as laid out in the legislation here) which confirms some dividends/distributions are chargeable to corporation tax whilst others are exempt. Further information on exempt dividends/distributions can also be located within the CT600 guide here, specifically under text relating to box 620. 

From the winter update (version 16.1.200), if you are using Accounts Production, the import option has been enhanced to account for the treatment of dividend income received. The process will complete the below sequence of events:

1. Analyse if any dividend income has been posted in Accounts Production (nominal codes 0600, 0610, 0700, 0800, 0810, 0850 and 0860)
2. If any postings have been made to any of the above nominal codes, a new dialog window will be provided (as per the example below):

3. If the dividend meets the criteria listed in the legislation and is exempt, please tick the box under Exempt?
   1. If the dividend is exempt, you will also need to mark whether the dividend was issued from a group company by ticking the box. This affects the treatment of the calculation of Marginal Rate Relief and will update the value populated in 620 as required.
4. If the dividend does not meet the criteria listed and is therefore chargeable to corporation tax, we will need to know if the dividend was issued by a UK resident company or not. This is to remove the income from trading profits and place the dividend in boxes 180 (for non-UK resident companies) or 205 (for UK resident companies) 
5. Once the tick boxes have been complete based on the client's scenario, you can click on 'Continue' where a summary screen will be provided to confirm where the values will be placed based on your data entry. 3 new rows will be presented at the bottom of the screen:
   1. 'Dividends/distributions received from other companies' which shows all dividends marked as exempt 
      1. Please note if your return period starts on or before 31/03/2016, this row will show as 'Net dividends received from other companies' due to the tax credit being available for these accounting periods. 
   2. Any dividends issued from a non-UK resident company that are not exempt will be shown as 'Non-exempt dividends or distributions from non-UK resident companies'
   3. Any dividends issued from a UK resident company that are not exempt will be shown as 'Annual profits and gains not falling due under any other heading'
   4. Box 620 will ignore any dividends where you have ticked 'From group company?'
6. Once the 'Import' button is selected, the values will be populated in the required boxes (as per the example below):