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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4335
Experience:  FCCA FCMA CGMA ACIS
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how does one account tax deductions on income in

Customer Question

how does one account for foreign tax deductions on income in a company on form SC600
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello, I'm Keith and happy to help you with your question.
Please verify the form. Do you mean a CT600 by any chance?
Customer: replied 2 years ago.

Terribly sorry,yes I reaffirm it should have read CT600

Expert:  bigduckontax replied 2 years ago.
In Box 9; here is HMRC guidance on completing CT600.
'9 Overseas income within Schedule D Case V
This box is for income arising outside the UK. This was previously Case V income but is now dealt with as income within Part 3 (trading income), Part 4 (property income), Part 5
(investment income), Part 9A (company distributions) and Part 10 (miscellaneousincome)
CTA 2009. Include here any non­exempt dividends or distributions of a company not
resident in the UK.
Your computations should include a detailed calculation of this figure.'
So it is box 9 with a note.