Article ID: 834
Last updated: 19 Mar, 2020
Franked Investment Income (FII) is the name for UK dividends that a limited company receives from another company. To record FII on a CT600: SimpleSteps: CT600 Core > Trade and Professional income > Tax adjusted profit/(loss) worksheet – disallowable expenditure. HMRC Forms Mode: CT600 Core > Computations> Tax adjusted profit/loss-disallowable expenditure
NOTE: TaxCalc won't include FII when calculating corporation tax because this would tax the dividend twice. This is because the company issuing the FII has already paid corporation tax on it.
This article was:
|
Powered by KBPublisher (Knowledge base software)