Exempt Dividends
This section is designed to analyse distributions received that are classified as exempt (exempt dividends).
Completing the Sheets
Where you have identified amounts you want to be treated as exempt dividends, within the
Income statement
, you should analyse these from the Expense and income analysis
sheet in which they arose. Select Exempt dividends
from the Analysed as
dropdown list on the row, and develop the Exempt dividends
sheet by selecting Insert Sheet
from the Insert
menu. An error will show on the sheet until Exempt dividend
sheet is inserted.On the
Exempt dividends
sheet, add rows for each dividend you want to analyse. Classify each exempt dividend using the Basis for exemption
dropdown list. Additional Received (-)
columns are automatically inserted for each accounting period in your calculation. This lets you allocate the correct amount to the period in which the dividend was received. When there is more than one business in the computation, the Business
dropdown list lets you allocate expenditure to the relevant business.note
There is no exempt dividends adjustment tag for investment businesses. For trading companies, the exempt dividends adjustment on the
Adjustment of profits
sheet is tagged with Exempt dividends or distributions per accounts
.