My limited company invested in another company that was starting up. That company is now giving dividends to my Ltd company. I put this as Money In in bank transactions and in Profit And Loss Report show under profit. This seems wrong to me as 19% dividend tax will have been applied by the startup company and then my Ltd company applies another 25% as this sits as profit? What is the correct way of me entering this in QuickFile? I tried removing the bank transaction and put as sales but that too results in the same.
That will sit under P&L as investment income but not subject to CT, adjustment will be required while preparation of CT
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