Corporation
Overview
This Tab takes the final profit figure from the Profit & Loss tab, and uses it to calculate the Corporation Tax. (The Corporation Tax figure is in turn linked back from this Tab to the Corporation Tax line in the Profit & Loss Tab).
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Info:
The additional yellow box at the bottom shows, separately, the amount of personal tax payable by the company’s director for any dividends received he/she receives from the company. The Dividend figure shown above (as the starting point to the calculation) is taken from the Dividend Cash Payment recorded in April’s Monthly Transaction Tab.
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