This section is used enter the amount of franked investment income received by the company during the accounting period.
The term ‘franked investment income’ has been repealed from 6 April 2016. It has been replaced with other definitions of dividends for current areas of the legislation that use franked investment income.
From 6 April you should enter the amount of any ‘exempt ABGH distributions’ that the company has received. ‘Exempt ABGH distribution’ means a distribution which:
a) is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph A, B, G or H in section 1000(1) CTA 2010, and
b) is exempt for the purposes of Part 9A of CTA 2009 (company distributions).
Your computations should include a detailed calculation of this figure. Exclude distributions made by certain other companies in the same group or by certain consortia company (S32(2) CTA 2010).
Exclude exempt distributions made by certain other companies in the same group or by certain consortia company (S279G(3) CTA 2010).
The distribution should not be ‘grossed up’ by the addition of any tax credit. Refer to the CT600 Version 3 guide.
Refer to the HMRC Corporation Tax form for Company Tax (CT600) guidance if needed (opens in a new tab).
-
Open the required tax return, then select the Data input tab.
-
If the required section is listed, select it and skip the next step. If not, select Add a new section.
-
On Choose a section to add, under Income, select Exempt ABGH Distributions.
If the section is crossed through, it has already been added to the tax return. To adjust it the existing values, close the window and select the section on the Data Input tab.
-
For each line, enter a Description and the Amount received. A new line is automatically added. Unwanted lines can be deleted using the bin icon.
-
Select Save changes.