Hi,
Could someone put me straight as to the Accounting and tax treatment of dividends received by a corporate client? Am I correct in saying that there are no tax implications as far as the recipient company is concerned? I seem to recall many, many years ago the paying company used to have to fill out a Return of FII but suspect that this was to do with ACT and is no longer appropriate but would appreciate any advice.
Many Thanks,
Peter
Replies (2)
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Small Company marginal rate impact
The FII can impact the calculation of marginal small company relief, not of course an issue post 1 April unless a change in government results in a change in syncing the main/ small company rates.
F x (U-A) x N/A (see Whillans)